An insurance professional skilled in the analysis, evaluation, and management of statistical information. Evaluates insurance firms’ reserves, determines rates and rating methods, and determines other business and financial risks.
An individual employed by a property/casualty insurer to evaluate losses and settle policyholder claims. These adjusters differ from public adjusters, who negotiate with insurers on behalf of policyholders, and receive a portion of a claims settlement. Independent adjusters are independent contractors who adjust claims for different insurance companies.
Insurance is sold by two types of agents: independent agents, who are self-employed, represent several insurance companies and are paid on commission, and exclusive or captive agents, who represent only one insurance company and are either salaried or work on commission. Insurance companies that use exclusive or captive agents are called direct writers.
The person(s) who receives the income from an Annuity contract. Usually the owner of the contract or his or her spouse.
In certain types of annuities, a person who receives Annuity contract payments if the Annuity owner or Annuitant dies while payments are still due.
The person or entity that purchases an Annuity and has all rights to the contract. Usually, but not always, the Annuitant (the person who receives incomes from the contract).
Persons in temporary possession of cargo that is the property of another; for example, carriers or warehouse keepers
A person who represents only one insurance company and is restricted by agreement from submitting business to any other company, unless it is first rejected by the agent’s captive company. See Exclusive agent
A professional designation given by The American College to financial services professionals who complete courses in financial planning.
A professional designation by The American College for those who pass business examinations on insurance, investments, and taxation, and have life insurance planning experience.