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Glossary Terms Beginning with the Letter S

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Salvage

Schedule

Secondary Market

Section 1035 Exchange

Section 415

Securities And Exchange Commission (SEC)

Securities Outstanding

Securitization Of Insurance Risk

Segregated Account

Self-insurance

Settlement Options

Severity

Sewer Back-up Coverage

Shared Market

Short-term Disability Income Insurance

Single Premium Annuity

Single Premium Policies

Soft Market

Solvency

Specified Disease Coverage

Spendthrift Trust Clause

Split-dollar Life Insurance Plan

Spread Of Risk

Stacking

Standard Risk Class

Statutory Accounting Principles (SAP)

Stock Insurance Company

Straight Life Annuity

Structured Settlement

Subrogation

Substandard Premium Rates

Substandard Risk Class

Suicide Exclusion Provision

Superfund

Supplemental Coverage

Surety Bond

Surplus Lines

Surplus

Surrender Charge

Surrender Cost Comparison Index

Swaps

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