insurance

Adjuster

A representative of an insurance company who handles claims; both negotiation and settlement.

Adjustment

Adjustment is a settlement, allowance, or deduction made on a debt or claim that has been objected to by a debtor or creditor in order to establish an equitable arrangement between the parties.

For tax returns, an IRS-...

Aleatory

“Aleatory” means that something is dependent on an uncertain event, a chance occurrence. Aleatory is used primarily as a descriptive term for insurance contracts. An aleatory contract is a contract where performance of the promise is...

Alternate Beneficiary

Definition from Nolo’s Plain-English Law DictionaryA person, organization, or institution that receives property through a will, trust, or insurance policy when the first named beneficiary is unable or refuses to take the property. For example, in his...

Annuitant

Definition

A person who is entitled to benefit from an annuity.

Arson with Intent to Defraud an Insurer

At common law, it was not arson if a person burned his or her own dwelling in order to fraudulently collect the insurance that is on the dwelling. In modern statutes this is often an offense.

Assigned Risk

Definition from Nolo’s Plain-English Law DictionaryA driver with a poor record who would normally be denied coverage by insurance companies, and who is assigned to a state operated or designated insurance program.

Definition provided by Nolo’s Plain-...

Assured

Definition from Nolo’s Plain-English Law DictionaryThe person or entity that is insured, often found in insurance contracts.

Definition provided by Nolo’s Plain-English Law Dictionary.

Avails

Definition from Nolo’s Plain-English Law DictionaryAny amount available to the owner of an insurance policy other than the actual proceeds of the policy. Avails include dividend payments, interest, cash or surrender value (the money you would get if you...

Bail bondsman

A bail bondsman is a person who provides bail bonds for people charged with crimes and who do not have the money necessary to post the entire bail with the court. The bail bondsman acts as a surety by providing money to the court for the...

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