A discount given to any policy holder if they decide to pay all of their premium for the year in advance.

The excess amount paid on the shares that are outstanding of the common stock, held by a company.

A technique in which two or more products are sold in one piece, as a bundle. Generally, a premium offer is used to increase sales of a product.

A group of different personnel who are ready to provide treatment to members of the group for a preset fee. It is usually another option as compared to a HMO network, which

A technique in which brands try to sell their products at a higher price compared to the general market, in order to create a brand image.

Any debt which is discharged before any other debt is paid off.

A situation in which the claim launched by the plaintiff hasn’t fully grown to become an actual claim.

Getting a portfolio reinsured until the period of time until all of the existing premiums have been paid.

Costs that are incurred before income has been reported on the balance sheet.

More dividends are paid out to shareholders as their value of stock increases.

A requirement that states that any person who wishes to apply for an insurance license must complete an educational degree or course.

The evaluation of the value of a firm, before it is sold. Valuation is done by issuing new shares, and then multiplying the price to earnings ratio by the periodic earnings of

A receipt given out to a policy holder, by the insurer or an agent on behalf of the insurer, which provides confirmation that payment has been received.

Costs that are charged before a firm actually opens for business, usually in the setting up and promotional activities.

A person who is rejected by those whose acceptance is required in a scenario.

An express statement which is generally written in order to give a clear outline of the goals that are to be achieved through a positioning strategy. The statement defines how a firm

Simple, honest and directed language, used primarily in writing as well as in general speech.

Any law that can be depicted through the use of simple language, making it much easier to understand.

Managing different projects related to all of the activities that are linked to a certain set of goals.

A tool which is designed to verify whether the password entered in to a computer is valid or not. It does, however, have integrity flaws, and hence, the passwords can be stolen