Please choose the letter you wish to define:
- Data Processing Insurance:
Coverage for electronic media, computers, and other electronic
data processing equipment. No coinsurance is applied to this
type of coverage.
- Death Benefit:
A life insurance payment made to a designated beneficiary upon
the death of the insured.
Information such as name, description, and location of insured
property, premiums payable, coverage amounts, are placed on
what agents call the Declarations Page.
The insurer's rejection of an insurance application.
The amount which a policyholder agrees to pay, per claim or per
accident, toward the total amount of an insured loss.
- Deferred Annuity:
An annuity deferring income payments to begin at some specified
- Deferred Compensation:
Arrangements by which compensation to employees for past or
current services is postponed until some future date.
- Defined Contribution Plan:
A plan which the contribution rate is fixed and benefits to be
received by employees after retirement depend upon the
contributions and their earnings.
- Dental Insurance:
An individual or group insurance plan that will pay for costs of
normal dental care as well as damage to teeth from an accident.
An individual, usually a spouse or child, who depends on another
for financial support and maintenance.
- Deposit Premium:
The premium deposit paid when an application is made for an
insurance policy. It is usually equal to the first month of estimated
premium and is applied toward the total premium when billed.
The decrease of value in property over a period of time due to
wear and tear or obsolescence.
- Direct Loss:
Any financial loss that results directly from an insured peril.
- Direct Writer:
An insurance industry term for which an insurance company uses
their own sales employees to write insurance policies.
- Directors' and Officers' Liability Insurance:
The protection of corporate directors and officers from liability
arising out of errors in judgement, duty breachments, and any
wrongful acts related to their organizations.
A physical or mental impairment that limits major life activities of
- Disability Benefit:
The payment, made usually monthly, payable to participants
Disability Income policy or a provision of some other policy.
- Disability Income Insurance:
A type of health insurance that provides a periodic payment to
replace income when the insured is unable to work as a result of
illness, injury, or disease.
- Disappearing Deductible:
A deductible in an insurance contract that provides for a
decreasing deductible amount as the size of the loss increases.
Loss of a body member (limbs), or use thereof, or loss of sight
due to injury.
- Dismemberment Insurance:
A type of health insurance that provides payment in case of loss
by bodily injury of one or more body members (such as: hands
or feet) or sight of one or both eyes.
- Disposable Personal Income:
Personal income minus personal tax and nontax payments. This
is the income available to people for spending and saving.
An amount returned to a policyholder by an insurance company
out of its earnings.
- Dividend Additions:
An option to where an insured can pay-up insurance purchased
with a policy dividend and add to the face amount of the policy.
- Dollar Threshold:
In the State of Florida, and other no-fault auto insurance states
with the dollar threshold, this prevents individuals from suing in
tort to recover for pain and suffering unless their medical
expenses exceed a certain dollar amount.
- Domestic Insurer:
An insurance company is considered a domestic company in the
state in which it is incorporated.
- Double Indemnity:
An insurance policy provision usually associated with death,
which doubles payment of a designated benefit when specified
causes or under specific circumstances occur.
- Driver Education Credit:
A student discount or reduction in premium amount for which
younger drivers become eligible on completion of a driver
education course. These courses are available in most public
- Duplication of Benefits:
A situation where identical or overlapping coverage of the same
type exists between two or more health insurance plans.
- Dwelling Forms:
An insurance policy designed to cover a dwelling and the
personal property that is in it plus some additional coverages.
There are several forms available, check with us for your
dwelling insurance needs.
Please choose the letter you wish to define:
Insurance Glossary is Copyrighted By Richard H. Reynolds.
Insurance Network of America Uses This Glossary By Permission.
Important Note: This website provides only a simplified description of coverages and is not a statement of contract. Coverage may not apply in all states. For complete details of coverages, conditions, limits and losses not covered, be sure to read the policy, including all endorsements.