insurance

Adjuster

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

Adjustment

Definition from Nolo’s Plain-English Law DictionaryThe settlement of how much is to be paid on a claim or debt. For example, an IRS-approved change to a tax liability as originally reported on a tax return. Or, an insurance company's settlement on a claim...

Aleatory

Definition from Nolo’s Plain-English Law DictionaryDepending on an uncertain event. Usually applied to insurance contracts in which payment is dependent on the occurrence of an uncertain event, such as injury to an insured person or fire damage to an...

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

Definition from Nolo’s Plain-English Law DictionaryA professional agent for an insurance company who specializes in providing bail bonds for people charged with crimes and who do not have the money necessary to post the entire bail with the court. Bail...

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