Stock Insurance Companies
Stock insurance companies are insurance companies that are owned by stockholders or shareholders.
Insurance Glossary
Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.
Takaful Insurance
Takaful insurance is a type of Islamic insurance that adheres to Islamic law (Sharia) principles. It’s a cooperative system of insurance where participants contribute to a common fund that is used to cover losses suffered by members of the group.
Third Party Administrator
A person or organization that processes insurance claims or performs other administrative services on behalf of an insurance company.
Thirdparty Bill
A third-party bill is similar to an agent bill, but instead of an individual agent, it’s sent to a third party, such as an employer, association, or other organization, that is responsible for collecting premiums from a group of individuals and remitting them to the insurer.