Premium Balances - Premiums and agents' balances in course of collection; premiums, agents' balances and installments booked but deferred and not yet due; bills receivable, taken for premiums and accrued retrospective premiums. Certified Check: A check guaranteed for payment by the issuing bank after verifying that sufficient funds exist in the account of the person who has issued that check. The concerned banking institution usually keep aside the amount of the check from the account of the person issuing the check holders', so that the check can be honored. A fee is also charged by the banking institutions for certifying a check.
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Revolving Account Stock Insurance Company - An incorporated insurer with capital contributed by stockholders, to whom earnings are distributed as dividends on their shares.
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Tax Savings: The amount that can be saved in taxes, and also the items that reduce the taxable income. For example, the interest paid on home loans is tax deductible. Know more about income tax. A doctrine of law that, in some states, may enable claimants to recover a portion of their damages even when they are partially at fault, or negligent. Each party's negligence is compared to the other's and a claimant's recovery can be reduced by the percentage of his or her own negligence.
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Preferred Provider Organization - Network of medical providers who charge on a fee-for-service basis, but are paid on a negotiated, discounted fee schedule. Last Reported
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Renewal - The automatic re-establishment of in-force status effected by the payment of another premium. Past Due: Payments not made on due date.