Terms starting with F

Fronting insurance, in the realm of commercial insurance, refers to a practice where a licensed insurance company, known as the fronting insurer, lends its name and regulatory credentials to another...

Fixed amount option refers to a type of life insurance that allows the policyholder to choose a fixed amount of coverage at the time of policy purchase. This option allows...

Flat cancellation is a term describing the complete termination of an insurance policy on the effective or renewal date. In other words, the policy is canceled before coverage begins or...

A financial institution bond protects financial institutions, like banks and credit unions, from financial losses due to fraudulent or dishonest acts committed by employees or other insiders. These losses include...

First-party insurance is a type of insurance that may refer to coverage of an insured party (the first party). It may also refer to coverage of an insured's legal liability...