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Authorized reinsurance is coverage purchased from a reinsurer that is licensed or approved to operate within a specific state’s insurance regulations. Authorized Reinsurance is a key concept in the insurance …
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A measure of the minimum capital an insurer should hold before regulatory intervention becomes necessary. Authorized Control Level Risk-Based Capital (ACL RBC) is a crucial metric used by insurance regulators …
What Is Authorized Control Level Risk-Based Capital? – Simple and Easy Explanation Read More
An authorized company is an insurance carrier licensed or admitted to operate legally within a specific state. Understanding an Authorized Company In the insurance industry, the term authorized company refers …
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Assumed reinsurance is when an insurer accepts risk from another insurance company through a reinsurance contract or treaty. Understanding Assumed Reinsurance Assumed reinsurance is a fundamental concept in the insurance …
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Insurance coverage that pays benefits when a policyholder lives in an assisted living facility and meets eligibility requirements. Understanding Assisted Living Care Assisted Living Care is a type of insurance …
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A government-backed insurance pool that provides coverage to individuals or businesses rejected by standard insurers. Understanding Assigned Risk Assigned risk refers to a special insurance program created by the government …
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Asset risk measures how likely a company’s assets are to lose value, especially in insurance and financial risk-based capital systems. Asset risk refers to the potential for a company’s assets …
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A resource a business or individual owns or controls today that is expected to provide future economic benefits. An asset is anything owned or controlled by an individual, business, or …
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The estimated value assigned to property by a government authority to determine how much tax the owner must pay. An assessed value is the value that local governments place on …
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A neutral third party helps resolve disputes through a binding decision, offering a faster and more private alternative to court. Arbitration is a method of resolving disputes where an impartial …
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