Occupational Hazards: Occupations which expose the
insured to greater than normal physical danger by the very
nature of the work in which the insured is engaged, and the
varying periods of absence from the occupation, due to the
disability, that can be expected.
Occurrence: An accident, including continuous or repeated
exposure to substantially the same general, harmful conditions,
that results in bodily injury or property damage during the
period of an insurance policy.
Occurrence policy: A liability insurance policy that
covers claims arising out of occurrences that take place during
the policy period, regardless of when the claim is filed.
Ocean Marine Insurance: Insurance for sea-going vessels,
including liabilities connected with them, and their cargoes.
Operating Ratio: The sum of expenses and losses expressed
as a percent of earned premium.
Overhead Insurance: A type of short-term disability
income contract that reimburses the insured person for specified,
fixed monthly expenses, normal and customary in the operation
and conduct of his/her business or office.
Over-the Counter Market: A means of buying and selling
securities that are not listed on a stock exchange. Negotiations
are carried out by telephone or computer network.
Overriding Commission (Overwrite): A commission paid
to general agents or agency managers in addition to the commission
paid the soliciting agent or broker.
Click on the letter of alphabet, which the word you are looking for begins with:
