Search results
Results from the WOW.Com Content Network
Illustration of the partial payout of Sum Insured against probability of occurrence. Condition of average (also called underinsurance [1] in the U.S., or principle of average, [2] subject to average, [3] or pro rata condition of average [4] in Commonwealth countries) is the insurance term used when calculating a payout against a claim where the policy undervalues the sum insured.
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 November 2024. Regulations to reduce increases in housing rents "Rent control" redirects here. For other uses, see Rent control (disambiguation). Part of a series on Living spaces Main House: detached semi-detached terraced Apartment Bungalow Cottage Ecohouse Green home Housing project Human outpost I ...
In the insurance industry, a general account is the combined or aggregate investments and other assets of an insurance company available to pay claims and benefits to which insured entities or policyholders are entitled.
Mold claims are paid out on a per-claim or aggregate limit basis, depending on how your insurer defines the coverage. Mold damage is a common exclusion with most home insurance companies.
Where Y is output, c is the per capita consumption of private goods, and G is the aggregate consumption of local public goods reflected by its government expenditure on its provision. Land rents in this model are calculated using the ‘Ricardian rent identity,’ (See Luigi Pasinetti’s “A Mathematical Formulation of the Ricardian System,”):
Aggregate payment technique (taking the expected value of the total present value): This is similar to the method for a life insurance policy. This time the random variable Y is the total present value random variable of an annuity of 1 per year, issued to a life aged x , paid continuously as long as the person is alive, and is given by:
In that case, the insurance company would only recover from reinsurers in the event of multiple policy losses in one event (e.g., hurricane, earthquake, flood). Aggregate XL affords a frequency protection to the reinsured. For instance if the company retains $1 million net any one vessel, $5 million annual aggregate limit in excess of $5m ...
An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and ...