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good work."
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Personal DI Customer
 Friday, June 23, 2003
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endorsement, express or implied, regarding Berkshire Life Insurance Company
of America or its products or services
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yearly renewable term (YRT) insurance
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One-year term life insurance that is renewable at the
end of the policy term. Also known as annually renewable
term (ART) insurance. See also term life insurance. |
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yearly renewable term (YRT) reinsurance method
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A reinsurance premium payment method under which a ceding
company pays a one-year term insurance premium to the reinsurer
on the anniversary date of each reinsured policy. |
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LOMA's Glossary of Insurance and Financial Services Terms
Copyright © 2002 LOMA (Life Office Management
Association, Inc.). Used with permission from the publisher. All
right reserved. Copying or downloading this information without
permission from the publisher is a violation of federal and
international law. For information on purchasing a copy of the
Glossary or for additional information on LOMA and its educational
programs, visit LOMA's Web site at www.loma.org. LOMA is a registered
service mark of the Life Office Management Association, Inc.
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Glossary of Insurance Terms
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