capital charge: A measure of portfolio risk based on an expected loss, considering the default frequency (relative likelihood of default in severe economic depression) and loss severity (relative duration and magnitude).
Read more to view related video clips to this insurance terminology.
capital and surplus: The sum of paid up capital, gross paid in and contributed surplus and unassigned surplus.
Read more to view related video clips to this insurance terminology.
capital adequacy ratio: Standard & Poor’s risk-adjusted measure of capital adequacy.
Read more to view related video clips to this insurance terminology.
capita: The sum of policyholder surplus plus contingency reserve.
Read more to view related video clips to this insurance terminology.
cancer insurance: A very narrow form of health insurance that covers the policyholder in the event he or she contracts cancer. Policies often exclude skin cancer. Some policies won’t pay for cancer treatments until several years after the policy was purchased.
Read more to view related video clips to this insurance terminology.
Consolidate Omnibus Budget Reconciliation Act (COBRA): Requires employers with more than 20 employees to make group health care coverage available for 18 months, at the employee’s expense, to employees who leave the employer for any reason other than gross misconduct.
Read more to view related video clips to this insurance terminology.
COLI: Corporate owned life insurance
Read more to view related video clips to this insurance terminology.
CLAD: Commercial limited assigned distribution
Read more to view related video clips to this insurance terminology.
business life insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee. (Also known as key person insurance.)
Read more to view related video clips to this insurance terminology.
business insurance: A policy that provides coverage to a business. It is often purchased to indemnify a business for the loss of services if a key employee (such as a partner) becomes disabled.
Read more to view related video clips to this insurance terminology.