insurance premium payment
101Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …
102limited payment insurance — noun : life insurance for which premiums are collected over a limited period (as 20 years) * * * limited payment insurance, life insurance for which the insured pays a higher premium for a fixed number of years, after which the policy is fully… …
103Life insurance — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… …
104variable life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. variable life insurance …
105whole life insurance — see life insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. whole life insurance …
106Mutual Mortgage Insurance Fund — A fund that insures mortgages made by the Federal Housing Administration (FHA) on single family homes. Mortgagors pay into the fund with a one time premium of 1.5% of the loan amount, paid at closing, and annual mortgage insurance premiums of… …
107annual payment — index premium (insurance payment) Burton s Legal Thesaurus. William C. Burton. 2006 annual payment …
108Fire insurance — Fire Fire (f[imac]r), n. [OE. fir, fyr, fur AS. f[=y]r; akin to D. vuur, OS. & OHG. fiur, G. feuer, Icel. f[=y]ri, f[=u]rr, Gr. py^r, and perh. to L. purus pure, E. pure Cf. {Empyrean}, {Pyre}.] 1. The evolution of light and heat in the… …
109single premium — noun : the sum that would meet in a single payment the cost of a life insurance policy for the entire policy term * * * a single payment that covers the entire cost of an insurance policy. [1875 80] …
110contributions equivalent premium — (contributions equivalent premium | CEP) In the context of pensions, a payment to the National Insurance Contributions Office (NICO) that restores a member of an occupational pension scheme into the state second pension ( …
