Dictionary Of Insurance Terms Apr 2026

: A fundamental principle requiring both the insurer and the insured to act with total honesty and disclose all material facts.

: Specific conditions, circumstances, or items that are explicitly not covered by the insurance policy. Dictionary of Insurance Terms

This " Dictionary of Insurance Terms " paper provides a foundational guide to the specialized terminology used in the insurance industry, designed to assist consumers, agents, and professionals in navigating complex policy language. Core Insurance Principles : A fundamental principle requiring both the insurer