Online Premiums Generated – advanced into the assets/casualty otherwise wellness guidelines that’ll not need to be came back into the policyholder should your coverage was cancelled.
NFIP – Federal Flood Insurance coverage Program – ton insurance policies and you can floodplain administration for personal and company property applied within the National Flood Work from 1968.
Nonadmitted Assets – assets which have economic worthy of apart from people who can be utilized to meet up with policyholder debt, otherwise those individuals property which happen to be unavailable due to encumbrances or other alternative party welfare and should not be accepted with the equilibrium sheet.
Non-regulated inventory insurance vendors – insurers where a daddy providers possess: 1) a financial desire illustrated of the head or secondary control off lower than fifty% away from voting offers, and you may dos) doesn’t always have the ability to take action control of the latest insurer, e.g., using voting inventory or government contract
Non-proportional Reinsurance – reinsurance that is not protected for the individual lives to own specific individual quantity of reinsurance, but rather reinsurance one to handles this new ceding organizations overall sense into the its whole profile out of providers, or at least a standard part of it. (suite…)