agent of insured
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insurance agent — A person expressly or impliedly authorized by an insurance company to represent it in dealing with third persons in matters relating to insurance. 29 Am J Rev ed Ins § 135. One who represents an insurance company as a solicitor of business or as… … Ballentine's law dictionary
soliciting agent — An agent who solicits orders for goods or services to be furnished by his principal. Sometimes, but not invariably, regarded as a managing agent for the purpose of statutes concerning the service of process upon a foreign corporation. 36 Am J2d… … Ballentine's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
security — I (New American Roget s College Thesaurus) Guaranty Nouns 1. security, guaranty, guarantee; gage, warranty, bond, tie, pledge, plight, mortgage, debenture, hypothecation, bill of sale, lien, pawn; stake, deposit, earnest, collateral. See promise … English dictionary for students
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
Stranger Originated Life Insurance — (STOLI) is a life insurance arrangement, in which speculators, who have no relationship to a person, initiate a insurance policy against their life and fund the premium payments for investment purposes. [cite web… … Wikipedia
Moral hazard — In economic theory, moral hazard is a situation in which a party insulated from risk behaves differently from how it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not take the… … Wikipedia
Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… … Wikipedia
