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Insurance

Admitted company

A licensed and authorized insurance company operates within a specific state or country. This entity is responsible for providing insurance coverage to individuals and businesses. It is regulated by government agencies to ensure compliance with laws and regulations. The insurance company bears the financial risk of covering potential losses and offers various policies to meet the diverse needs of its customers. In simpler terms, insurance companies protect individuals and businesses from financial losses by providing a safety net through various insurance policies.

Related terms

Waiver

Understand the meaning and definition of Waiver in the context of stock market, trading, and investments.

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Retrocession

Understand the meaning and definition of Retrocession in the context of stock market, trading, and investments.

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Adjustable Life Insurance

Understand the meaning and definition of Adjustable Life Insurance in the context of stock market, trading, and investments.

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Ownership

Understand the meaning and definition of Ownership in the context of stock market, trading, and investments.

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Actual loss ratio

Understand the meaning and definition of Actual loss ratio in the context of stock market, trading, and investments.

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Claim

Understand the meaning and definition of Claim in the context of stock market, trading, and investments.

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