XCEL Solutions
Buyer's Guide - ANS - an informational consumer guide books that explain
insurance policies and insurance concepts: in many states, they are required to
be given to applicants when certain types of coverages are being considered.
often used with life insurance, long-term care insurance, and annuities.
\Casualty (Liability) Insurance - ANS - insurance which broadly encompasses
insurance not directly concerned with life insurance, health insurance, or
property insurance. Causality insurance includes vehicle insurance, liability
insurance, theft insurance, workers' compensation insurance, and elevator
insurance. Casualty insurance protects you financially in the event that someone
sues you.
\Consideration - ANS - the part of an insurance contract setting forth the amount
of initial and renewal premiums and frequency of future payments. Consideration
is often said to include the initial premium and completed application for
insurance. In other words, the applicant is saying, "please CONSIDER me for
insurance, here is my initial premium, my completed application, and how
much/how often I agree to pay in the future. Please CONSIDER me."
\Declaration page - ANS - an insurance Declaration page is a piece of paper which
provides basic information about an insurance policy. Typically, the first page
(face) of an insurance policy is a declaration page. The declarations page
normally specifies the name insured, address, policy period, location of property,
policy limits, and other key information.
\Deductible - ANS - the amount of expense or loss to be paid by the insured
before an insurance policy starts paying benefits. Deductibles typically apply to
property, casualty, and health insurance.
\Disability (income) Insurance - ANS - a form of insurance that insurers the
beneficiary's earned income against the risk that a disability creates a barrier for
a worker to complete the core functions of their work. Although disability
insurance is designed to protect one's income, there are typically rules and
regulations in place limiting the benefits of a disability policy to one's income
level, and typically only allowing protection for a portion of their income.
\Entire Contract - ANS - an insurance policy provisions stating that the
application and policy contain all provisions and constitute the entire contract.
\Fair Credit Reporting Act - ANS - a federal law requiring an individual to be
informed if she is being investifated by an inspection company. The law also
outlines the sharing and impact of such information and requires individuals to
be notified prior to being investigated.
Buyer's Guide - ANS - an informational consumer guide books that explain
insurance policies and insurance concepts: in many states, they are required to
be given to applicants when certain types of coverages are being considered.
often used with life insurance, long-term care insurance, and annuities.
\Casualty (Liability) Insurance - ANS - insurance which broadly encompasses
insurance not directly concerned with life insurance, health insurance, or
property insurance. Causality insurance includes vehicle insurance, liability
insurance, theft insurance, workers' compensation insurance, and elevator
insurance. Casualty insurance protects you financially in the event that someone
sues you.
\Consideration - ANS - the part of an insurance contract setting forth the amount
of initial and renewal premiums and frequency of future payments. Consideration
is often said to include the initial premium and completed application for
insurance. In other words, the applicant is saying, "please CONSIDER me for
insurance, here is my initial premium, my completed application, and how
much/how often I agree to pay in the future. Please CONSIDER me."
\Declaration page - ANS - an insurance Declaration page is a piece of paper which
provides basic information about an insurance policy. Typically, the first page
(face) of an insurance policy is a declaration page. The declarations page
normally specifies the name insured, address, policy period, location of property,
policy limits, and other key information.
\Deductible - ANS - the amount of expense or loss to be paid by the insured
before an insurance policy starts paying benefits. Deductibles typically apply to
property, casualty, and health insurance.
\Disability (income) Insurance - ANS - a form of insurance that insurers the
beneficiary's earned income against the risk that a disability creates a barrier for
a worker to complete the core functions of their work. Although disability
insurance is designed to protect one's income, there are typically rules and
regulations in place limiting the benefits of a disability policy to one's income
level, and typically only allowing protection for a portion of their income.
\Entire Contract - ANS - an insurance policy provisions stating that the
application and policy contain all provisions and constitute the entire contract.
\Fair Credit Reporting Act - ANS - a federal law requiring an individual to be
informed if she is being investifated by an inspection company. The law also
outlines the sharing and impact of such information and requires individuals to
be notified prior to being investigated.
