situation in which parties agree to take part in a structured settlement negotiation through the guidance of a neutral expert. By participating in this process, the parties do not agree that they will actually settle and the mediator does not have the authority to impose such a settlement.
Charts that show the death rates an insurer may reasonably anticipate among a particular group of insured lives at certain ages.
A contract that insures the lender against loss caused by a mortgagor’s default on a government mortgage or conventional mortgage.
A clause in an insurance policy that makes a claim jointly payable to the policyholder and the party that holds a mortgage on the property.
A mudslide is a slippage of mud because of poor drainage of rainfall through soil. An underlying cause is often deforestation or lack of vegetation.
Personal and business property insurance that combines in one policy several types of property insurance covering numerous perils.
The insurance contract under which covered perils are listed. Benefits for a covered loss are paid to the policy-owner. If an unlisted peril strikes, no benefits are paid.
The program of flood insurance coverage and floodplain management administered under the Act and applicable Federal regulations promulgated in Title 44 of the Code of Federal Regulations, Subchapter B.
Consequences from a given act that a reasonable person could foresee.
with respect to a life and/or health insurer, negative trend over a period of time, as determined in accordance with the “Trend Test Calculation” included in the RBC instructions
