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Statement value shows the adjusted book value of an investment after required accounting reductions under insurance accounting rules. When you’re looking at insurance company financial statements, numbers don’t always reflect …
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Statement type explains the main line of business a company operates under when it files its official financial statements with regulators. If you’ve ever looked at insurance company reports or …
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State of domicile explains which state a company officially calls home, usually where its main office is located and where it is legally registered. When you hear the term state …
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The State Children’s Health Insurance Program helps provide affordable health coverage to children in families who earn too much for Medicaid but can’t afford private insurance. Raising kids is expensive, …
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Standard risk refers to someone who qualifies for insurance at regular rates because they meet the insurer’s normal underwriting standards. When you apply for insurance—especially life or health insurance—the company …
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Specified/Named Disease insurance pays benefits only if you’re diagnosed with certain listed illnesses, helping cover costs during serious health events. Specified/Named Disease insurance is a type of health-related coverage that …
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Specified disease coverage helps pay set benefits if you’re diagnosed with certain serious illnesses like cancer, easing financial stress during treatment. Understanding Specified Disease Coverage in Simple Terms Specified disease …
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A special revenue bond is a government-issued bond that pays investors using income from a specific public project, not from general taxes. Understanding Special Revenue Bonds in Plain English A …
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A soft market is a buyer-friendly insurance market where lots of coverage options push prices down and make policies easier to get. Understanding a Soft Market in Simple Terms In …
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Social insurance is a government-run insurance system that provides basic financial protection for people during major life events. Understanding Social Insurance in Simple Terms Social insurance is a type of …
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