Float, or available reserve, is the amount of money on hand at any given moment that an insurer has collected in insurance premiums but has not paid out in claims.

The rationale for the differential treatment goes to the heart of the risk a life insurer takes: Old people are likely to die sooner than young people, so the risk of loss ( the insured's death ) is greater in any given period of time and therefore the risk premium must be higher to cover the greater risk.

Under non-proportional reinsurance the reinsurer only pays out if the total claims suffered by the insurer in a given period exceed a stated amount, which is called the " retention " or " priority ".

State Farm Florida expressed its disappointment with Crist's veto of the bill the company said " would have given consumers more options in their choice of a property insurer.

At the same moment Wheeler Fiske fired the rifle Mike had given him and another guerrilla was hit.

Yet, after Rousseau had given the social contract a new twist with his notion of the General Will, the same philosophy, it may be said, became the idea source of the French Revolution also.

Hence all teachers, good and bad, who have been teaching for a given number of years are paid the same salary.

At the same time another child -- this one of Shelley's brain -- was given to the world: Alastor, a poem of pervading beauty in which the reader may gaze into the still depths of a fine mind's musings.

These were the same subjects who were given the Rorschach test.

But any resulting excess of revenues received from a given class of service over the operating costs imputed to this class is reported as a `` return '' realized on the capital investment attributed to the same service.

Prosthetics are specifically not orthotics, although given certain circumstances a prosthetic might end up performing some or all of the same functionary benefits as an orthotic.

This is not the most general situation of a Cartesian product of a family of sets, where a same set can occur more than once as a factor ; however, one can focus on elements of such a product that select the same element every time a given set appears as factor, and such elements correspond to an element of the Cartesian product of all distinct sets in the family.

** Trichotomy: If two sets are given, then either they have the same cardinality, or one has a smaller cardinality than the other.

( It should be noted that in the account given of the same events, in rabbinic sources ( b. Talmud Shabbat 99a ; Exodus Rabbah 41 ) and in the Qur ' an, Aaron is not the idol-maker and upon Moses ' return begged his pardon as he had felt mortally threatened by the Israelites ( Quran 7: 142-152 ).

Similarly, the subset order ⊆ on the subsets of any given set is antisymmetric: given two sets A and B, if every element in A also is in B and every element in B is also in A, then A and B must contain all the same elements and therefore be equal:

Upon his assumption into immortality on Olympus, Heracles is given ambrosia by Athena, while the hero Tydeus is denied the same thing when the goddess discovers him eating human brains.

Every time a speech sound is produced for a given phoneme, it will be slightly different from other utterances, even for the same speaker.

A trend toward composite armour is taking place in place of steel-composites are stronger for a given weight, allowing the tank to be lighter for the same protection as steel armour, or better protected for the same weight.

On a more abstract level, model theoretic arguments hold that a given set of symbols in a theory can be mapped onto any number of sets of real-world objects — each set being a " model " of the theory — providing the interrelationships between the objects are the same.

A man with the same name as those given by the FBI turned up alive in Saudi Arabia, saying that he had studied at the University of Denver and his passport was stolen there in 1995.

This Felix was later confused with a Roman martyr named Felix, with the result that he was included in lists of the Popes as Felix II and that the succeeding Popes of the same name ( Pope Felix III and Pope Felix IV ) were given wrong numerals, as was Antipope Felix V.

The same study also found patients treated with SSRIs were 64 % more likely to achieve a 50 % absolute reduction in HRSD than patients given a placebo.

Different bookmakers may offer different odds on the same outcome of a given event ; by taking the best odds offered by each bookmaker, a customer can under some circumstances cover all possible outcomes of the event and lock a small risk-free profit, known as a Dutch book.

Thus, many users of a given BBS usually lived in the same area, and activities such as BBS Meets or Get Togethers were common, where users of the board would gather at a local restaurant, the SysOp ’ s home or similar venue and meet face to face.

Critics also question how any two given properties are determined to be properties of the same object if there is no substance in which they both inhere.

A key characteristic of bandwidth is that a band of a given width can carry the same amount of information, regardless of where that band is located in the frequency spectrum.

Upon termination of a given policy, the amount of premium collected and the investment gains thereon, minus the amount paid out in claims, is the insurer's underwriting profit on that policy.

And, given the ability for the right brand choices to drive preference and earn a price premium, the future success of a merger or acquisition depends on making wise brand choices.

The name stuck, and the BB gun went into production as a premium item given to farmers when they purchased a windmill.

* Featured listing – the link is given a premium position in a category ( or multiple categories ) or other sections of the directory, such as the homepage.

Resistol Hats in Garland is a notable manufacturer of premium hats, many of which have been worn by or given to notable figures around the world.

In addition to constructing his own life table, Halley demonstrated a method of using his life table to calculate the premium or amount of money someone of a given age should pay to purchase a life-annuity.

For 1962, the Sports Coupe was given the more concise model name of GT and carried premium trim ; 2-tone paint was available and instead of the front bench seat, there were two bucket seats.

To avoid this, many insurers offer guaranteed death benefits up to a certain age as long as a given minimum premium is paid.

Internal Revenue Code section 7702 sets limits for how much cash value can be allowed and how much premium can be paid ( both in a given year, and over certain periods of time ) for a given death benefit.

The standard set was twofold: to define a maximum amount of cash value per death benefit and to define a maximum premium for a given death benefit.

In this form, the premium is paid for one year of coverage, but the policy is guaranteed to be able to be continued each year for a given period of years.

Much more common than annual renewable term insurance is guaranteed level premium term life insurance, where the premium is guaranteed to be the same for a given period of years.

In practice, the interest-rate paid by the company can be modelled as the risk-free rate plus a risk component ( risk premium ), which itself incorporates a probable rate of default ( and amount of recovery given default ).

The establishment of Mad Men, followed by that of Breaking Bad in 2008, has given AMC a reputation on par with premium cable networks HBO and Showtime, both of which rejected Mad Men before it came to AMC.

A mug, a pitcher, and a cereal bowl in cobalt blue with a decal of Temple were given away as a premium with Wheaties.

Financial backers, who would accept some of the risk on a given venture ( historically a sea voyage with associated risks of shipwreck ) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.

To make UL policies more attractive, insurers have added secondary guarantees, where if certain minimum premium payments are made for a given period, the policy will remain in force for the guarantee period even if the cash value drops to zero.

As it is licensed as a premium service, all films aired on Family are given parental advisories by either the Canadian motion picture rating system or the Canadian TV Classification System ( the latter also applies to series airing on the channel ), prior to the start of the feature.

The next stage is to cut up the premium coupon into a floater and inverse coupon, where the floater is a linear function of the index, with unit slope and a given offset or spread.

As the initials " MD " are usually given after the name of a Doctor of Medicine, the. md top-level domain was once heavily marketed toward people in the medical profession at a premium price.

The current month's magazine content, news blogs, and podcasts are freely available with registration, while premium subscribers are also given access to the magazine's archives of articles, news, and editorials.

Many Albertans believe that given the province's youthful demographics, staying in the CPP makes little sense since a separate " APP " would provide higher benefits for a lower premium.