debt leverage: The ratio of borrowed money to total capital.
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Author: FastInsurance24.com
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Dsr – insurance term definition
DSR: Debt service reserve
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D&O – insurance term definition
D&O: Directors and officers liability insurance. D&O insurance covers financial liability claims against a company’s officers and directors, including the CEO, chief financial officer, vice presidents, and shareholder-elected directors.
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current assumption whole life insurance: A variation of universal life insurance, this product involves fixed premiums and fixed death benefits. Its cash value growth depends on market conditions. If they are favorable and if premiums paid in the policy’s first year are large enough, premiums for one or more years may be reduced to zero.
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cumulative claim rate: The number of mortgages of a given class originated during the same year going to claim over a given period divided by the original number of mortgages in that class.
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credit life insurance: Term life insurance issued through a lender or lending agency to cover payment of a loan, installment purchase or other obligation, in case of death.
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credit insurance: Optional coverage that pays off the balance of an outstanding loan in the event you become disabled, unemployed or die. Exact coverage depends on the particular policy. Variations include credit health or disability (pays if you get sick or become disabled) and credit unemployment insurance (pays if you involuntarily lose your job). Usually offered with credit cards, auto loans and mortgages.
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covered expenses: Health care charges that an insurer will consider paying under the terms of a health insurance policy.
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Coverage – insurance term definition
coverage: The percentage of the original appraised value of a home that is covered by mortgage insurance. Government Sponsored Enterprise (GSE) corporations, such as Fannie Mae and Freddie Mac, require that all residential mortgages they guarantee have effective loan to value (LTV) of 80 pecent or less. Mortgage insurance is the primary method of reducing the effective LTVs.
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cost-of-living rider: An option that permits the policyholder to purchase increasing term insurance coverage. The death proceeds increase by a stated amount each year to coincide with an estimated increase in the cost of living.
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