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GLOSSARY OF TERMS

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O TERMS

Original Age: The age you were when you bought an insurance policy.

Other Insured Rider: The temporary addition to an insurance policy,

usually a member of the direct family.

Ownership: All rights, benefits and privileges under life insurance

policies are controlled by their owners. Policy owners may or may not

be the insured. Ownership may be assigned or transferred by written

request of current owner.

Occupational Hazard: A condition in the workkplace that increases the

chances of the an accident, sickness, or death. It usually will mean

higher premiums.

Occurrence: A continual, gradual or repeated exposure to substantially

the same general harmful conditions. General liability policies insure

liability for bodily injury or property damage that is caused by an

occurrence

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© Copyright 2015 Geocite, LLC - All Rights Reserved

GLOSSARY OF

TERMS

A A B B C C D D E E F F G G H H I I J J K K L L M M N N O O P P Q Q R R S S T T U U V V W W X X Y Y Z Z

O TERMS

Original Age: The age you were when you bought an

insurance policy.

Other Insured Rider: The temporary addition to an

insurance policy, usually a member of the direct

family.

Ownership: All rights, benefits and privileges under

life insurance policies are controlled by their

owners. Policy owners may or may not be the

insured. Ownership may be assigned or transferred

by written request of current owner.

Occupational Hazard: A condition in the workkplace

that increases the chances of the an accident,

sickness, or death. It usually will mean higher

premiums.

Occurrence: A continual, gradual or repeated

exposure to substantially the same general harmful

conditions. General liability policies insure liability

for bodily injury or property damage that is caused

by an occurrence

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