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03-Jul-2018 16:04

ALAE - an estimate of the claims settlement associated with a particular claim or claims.

Alien Company - an insurance company formed according to the laws of a foreign country.

(In Life and Health) this document would be called an "Actuarial Memorandum." Actuary - business professional who analyzes probabilities of risk and risk management including calculation of premiums, dividends and other applicable insurance industry standards.

Adjuster - a person who investigates claims and recommends settlement options based on estimates of damage and insurance policies held.

Alternative Workers' Compensation - other than standard workers' compensation coverage, employer's liability and excess workers' compensation (e.g., large deductible, managed care).

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Admitted Assets - insurer assets which can be valued and included on the balance sheet to determine financial viability of the company.Agent - an individual who sells, services, or negotiates insurance policies either on behalf of a company or independently.



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