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Financial terms in "Insurance"

1. life insurance trust

2. increased limits table

3. attachment basis

4. over-line

5. Unemployment Insurance

6. Civil Rights Act of 1991

7. extracontractual obligations (ECO)

8. disciplinary proceeding expense coverage

9. franchise inflation clause

10. bingo card program

11. Change in Policyholder Surplus (IRIS)

12. carryover provision

13. mutual life insurance company

14. limited severability provision

15. Repurchase Agreement /'repo'

16. insurance line

17. building information modeling (BIM)

18. incurred but not reported (IBNR) losses

19. relief well coverage

20. general employer

21. Life Office Management Association (LOMA)

22. commercial crime policy

23. back-to-back deductible

24. adjusted earnings

25. electronic products errors and omissions insurance

26. interrogatories

27. nonprofit directors and officers liability insurance

28. assumption of liability endorsement (ALE)

29. boards and bureaus

30. Centers for Medicare and Medicaid Services (CMS)

31. insurance department

32. contingency fee

33. class of business

34. disability pension

35. Black Lung Benefits Act of 1973

36. captive management company

37. resident agent

38. Guarantee Period

39. removal

40. boiler and machinery (BM) insurance

41. mortality table

42. Excess Coverage

43. executive officer

44. interest rate risk

45. annuitization phase

46. Employment Arbitration Agreement

47. pollution

48. dual agency

49. runoff

50. impairment capital

51. buyback deductible

52. collateral calls

53. benchmarking

54. rents or rental value insurance

55. rental reimbursement coverage endorsement

56. Captives

57. loss loading (multiplier)

58. Environmental Impairment Liability Coverage

59. Attained Age

60. market conduct

61. per cause deductible

62. contractual risk transfer

63. continuation

64. Indeterminate Premium Life Insurance Policy

65. motorcycle insurance

66. arson

67. severance pay

68. notice to the company

69. sliding scale

70. Private Letter Ruling

71. expense

72. loss report

73. Leverage or Capitalization

74. weighted average cost of capital (WACC)

75. horizontal exhaustion rule

76. mercantile robbery insurance

77. net level premium

78. manuscript form or policy

79. obligatory treaty

80. third-party claims

81. Default

82. guaranty agreement

83. negligence per se

84. interest option

85. futures contract

86. outside directorship liability coverage

87. production contracts

88. National Safety Council

89. aggregate excess insurance

90. extended reporting period (ERP)

91. size class

92. Agent

93. excess liability policy

94. comprehensive auto coverage

95. Side A-only coverage

96. bilateral extended reporting period provision

97. Chartered Property Casualty Underwriter (CPCU)

98. experience refund

99. peer review

100. bailee's customers insurance

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

Education Savings Account (ESA)

Categories: Finance,

You can put up to $2,000 a year into a coverdell education savings account (ESA) that you establish in the name of a minor child. The assets in the account can be invested any way you choose.There is no limit on the number of accounts you can set up for different beneficiaries, but no more than a total of $2,000 can be contributed in a single beneficiary's name in any one year. If you choose, you may switch the beneficiary of an ESA to another member of the same extended family.Your contribution is not tax deductible. But any earnings that accumulate in the account can be withdrawn tax free if they're used to pay qualified educational expenses for the beneficiary until he or she reaches age 30. The costs can be incurred at any level, from elementary school through a graduate degree, or at a qualified post-secondary technical or vocational school. There are no restrictions on using ESA money in the same year the student uses other tax-free savings, or the student, parent, or guardian uses tax credits for educational expenses. But you can't take a credit for expenses you covered with tax-free withdrawals.To qualify to make a full $2,000 contribution to an ESA, your modified adjusted gross income (MAGI) must be $95,000 or less, and your right to make any contribution at all is phased out if your MAGI is $110,000 if you're a single taxpayer. The comparable range if you're married and file a joint return is $190,000, phased out at $220,000.

Most popular terms

1. Special Personal Auto Policy (SPAP)
2. Rating Bureau
3. Building Ordinance Coverage
4. Financial Industry Regulation Authority
5. Discrimination
6. Use-based Application
7. Hybrid Mortgage
8. FTSE
9. Money Supply
10. Homeowner's Insurance

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