An insurance company is a business entity that provides coverage, by contract, wherein the insurer agrees to compensate or indemnify another party (the insured) for specified loss or damage arising from certain risks.
An insurance company, also referred to as an insurer, is an organization that underwrites insurance policies. There are two principal types of insurance companies: mutual and stock.
An insurance contract is a legally binding unilateral agreement between an insured and an insurance company. In exchange for premium payments, the company covers specified perils or losses.
A professional responsible for managing the securities portfolio of an individual or institutional investor, ensuring alignment with the client's financial goals and risk appetite.
Pro rata cancellation refers to the revocation of an insurance policy by an insurance company, which returns to the policyholder the unearned premium without reducing for expenses already paid.
