Examples ofInsured Certificateholderin a sentence By accepting its Certificate, eachInsured Certificateholderagrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of theInsured Certificatehold...
When a client requests a COI, they become a certificate holder. The client’s name and contact information appear in the bottom left-hand corner along with statements showing the insurer’s obligation to notify the client of policy cancellations. The certificate briefly describes the insured’spoli...
Description of operations/locations/vehicles: The producers can use this field to add any properties or entities included on any of the policies as additional insured(s). This space is also for any existing waivers of subrogation. Certificate holder: The name of the person/business who requested...
if a bank cancall the NCD, it will do so when interest rates fall. Hence, investors will have difficulty finding another NCD that pays a similar rate of interest. The initial rate to the NCD holder will be higher to compensate the investor for this risk. ...
Although more commonly known in the health insurance industry, coinsurance also exists in property insurance. The coinsurance clause in property insurance serves to penalize the insured if they fail to insure the property according to the declared coinsurance percentage. ...
Put your money to work With a Mountain America certificate, you set aside funds for a set period of time—between 6 to 60 months. In return, you receive a higher dividend than with a primary savings account. It’s a simple way to boost your savings and prepare for your financial future...
Call risk– For callable CDs, the issuer can redeem, or "call," your CD from you for the full amount before it matures. The risk is that the issuer will exercise a call option at an unfavorable time for the holder, such as when interest rates decline. ...
Federally insured: CDs are federally insured for up to $250,000 per account holder per financial institution. Bank CDs are insured by the Federal Deposit Insurance Corp. (FDIC), and credit union CDs by the National Credit Union Administration (NCUA). Cons Only available for longer terms: You...
Acertificate of deposit, also referred to as a CD, is a type of deposit account offered by various financial institutions, such as banks and credit unions. Certificates of deposit require the account holder to deposit the funds for a specific period until aset maturity date. ...
Should the holder need these funds before the jumbo CD matures, withdrawing them would result in a financial penalty, which could be a fee assessed by the bank for the loss of interest earned to date. Each bank will have specific rules and guidelines for early withdrawals.5 If the funds li...