Glossary of terms used on this site
The individual trained in evaluating risks and determining rates and coverages for them. Also, an insurer.
The process of selecting risks for insurance and classifying them according to their degrees of insurability so that the appropriate rates may be assigned. The process also includes rejection of those risks that do not qualify.
|Uninsured Motorist Coverage|
|Universal Life Insurance|
|Usual, Customary and Reasonable Fees||
An amount customarily charged for or covered for similar services and supplies which are medically necessary, recommended by a doctor or required for treatment.