| in lieu |
instead of or as a substitute |
|
| incident |
a definite occurrence or event; an occurrence or event that
interrupts normal procedure |
|
| indemnity |
the placing of the insured, in the same financial position after a
loss that he was in, immediately prior to the occurrence |
|
| instalment |
one of a number of successive payments |
|
| insurable interest |
a demonstrable interest in something covered by an
insurance policy, the loss of which would cause deprivation or financial loss.
Insurable interest must be shown whenever somebody takes out an
insurance policy or makes a claim; the principle that requires an insured to
have a legally recognised relationship with the item to be insured |
|
| insurance cover |
an arrangement by which a company gives customers
financial protection against loss or harm such as theft in return for payment
of premium |
|
| insurance policy |
a document that is evidence of a contract of insurance |
|
| insure |
a person or company licensed to provide insurance to the public |
|
| insured |
the insured is a person who has insurance |
|
| intermediary |
a person who arranges insurance on behalf of another |
|
| intermediary services (fais) |
Any act, other than the furnishing of advice as defined, performed by a person for or on behalf of a client or product supplier which results in a client entering into a transaction with a product supplier in respect of a financial product, or is done with a view to a dealing in, managing, keeping in safe custody, maintaining or servicing a financial product in which a client has invested, or collecting or accounting for premiums, or processing a client’s claim against a product supplier. |
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