| Uberrimae Fidie |
Literally, of the utmost good faith. The basis of all insurance and reinsurance contracts. Both part... |
| UL-Underwriters Laboratories, Inc. |
A nonprofit organization which maintains an extensive laboratory for testing the safety of electrica... |
| Ultimate Mortality Table |
A type of mortality table or listing of data showing the death rates of persons of each sex at each ... |
| Ultimate Net Loss |
In liability insurance, the amount an insured is obligated to pay because of settlement or adjudicat... |
| Ultralight Aircraft |
A gasoline powered aircraft weighing 160 pounds or less resembling in appearance its motorless cousi... |
| Umbrella Liability Insurance |
A form of liability insurance protecting policyholders for claims in excess of the limits of their p... |
| Umpire |
1) A person selected by two appraisers to help settle disputes in property insurance claims. The ... |
| Unallocated Benefit |
When referring to unallocated benefits in a health insurance policy, they are those benefits that ar... |
| Unallocated Claim Expense |
General expenses that are not a result of any one particular claim but, rather, are a part of the ad... |
| Unallocated Funding |
The insurance company does not allocate employer contributions to any one employee account. At retir... |
