Insurance vocabulary: Central banking


Goods in transit. Actual Cash Value. Comprehensive of an insurance policy. Limits of insurance.


Actual Cash Value – the value of the property lost or damaged.

Actuary – a specialist who calculates risks for insurance companies.

Agent – a person who sells and services insurance policies.

Comprehensive of an insurance policy – all-inclusive; providing complete protection.

Insurer – The insurance company that provides the insurance coverage and services.

Liable – responsible, legally obliged to pay for damage.

Reinsurance – the insuring of risk by one insurance company with another. One of the most common insurance vocabular

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Insurance vocabulary: Central banking . (2019 m. Gruodžio 07 d.). https://www.mokslobaze.lt/insurance-vocabulary-central-banking.html Peržiūrėta 2020 m. Sausio 18 d. 02:35
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