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Deposit premium - A Deposit Premium is a type of insurance premium where the insured deposits money with the insurer to obtain perpetual insurance against the risk of a loss. Deposit premiums are unique from regular insurance premiums, because they are refundable should either the insured or the insurer chose to terminate the perpetual insurance.
Flood Insurance Reform Act of 2004 - The Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 reformed the National Flood Insurance Program (NFIP) and the terms of the National Flood Insurance Act of 1968 It was designed to "reduce losses to properties for which repetitive flood insurance claim payments have been made." The bill's main sponsors were Sen.
Self insurance - Self insurance is a risk management method whereby an eligible risk is retained, but a calculated amount of money is set aside to compensate for the potential future loss. The amount is calculated using actuarial and insurance information and the law of large numbers so that the amount set aside (similar to an insurance premium) is enough to cover the future uncertain loss.
Life insurance - Life insurance (Life Assurance in British English) is a type of insurance. As in all insurance, the insured transfers a risk to the insurer, receiving a policy and paying a premium in exchange.
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