The writing/selling of insurance by mail or phone.

The writing/selling of insurance by mail or phone.

A system where the producer is an employee of the insurer, writing direct and only with that company, and is not an independent contractor.

Liability resulting from a director or officer of an organization committing a negligent act or omission, misstatement or misleading statement.

The benefit payable under a disability income policy or a disability provision of some other policy, such as a life insurance contract.

Provides a portion of income lost as the result of a total or partial disability.

When an insured once had the money and/or “securities,” and now does not know where they are.

The organization’s average cost of capital, rate income can be earned, or its weighted cost of capital, commonly referred to as the WACC.

Factor used in the workers compensation experience modification plan to separate the expected total losses into primary and excess losses. A D-ratio is the normal

Liability estimates that have been reduced to reflect the potential to earn investment on funds set aside to pay losses which have occurred but not

A dividend plan is a guaranteed cost plan with a dividend option.

Distributions to shareholders of a corporation’s earnings. Dividends can also be distributed to policy owners of participating insurance policies that are usually issued by mutual

Acronym for Direct Notice of Cancellation

During a dispute being decided by the courts, the courts ask what a reasonable person would expect in a particular situation.

One that is domiciled in a particular state, admitted or permitted to operate in their state of domicile and are closely regulated in that state

An insurance company that is incorporated in, domiciled in, and organized under the laws of a state.

Legal and regulatory jurisdiction under which an insurance company chooses to be formed and operate.

An accelerated depreciation method used for tax management purposes.

Acronym for Disaster Recovery