Cost-of-Living Adjustment (COLA) - Automatic adjustment applied to Social Security retirement payments when the consumer price index increases at a rate of at least 3%, the first quarter of one year to the first quarter of the next year. PREMIUM FINANCING
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Credit Items Skimming: Stealing credit card information with an electronic device, which is then transferred to another card. It can be done either by placing the skimming device on the top of a regular credit card reader, or by swiping the card through an electronic device that can copy the information on the credit card.
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Federal law, which prohibits creditors from discriminating against credit applicants on the basis of sex, marital status, race, color, religion, age, and/or receipt of public assistance. Total Admitted Assets - This item is the sum of all admitted assets, and are valued in accordance with state laws and regulations, as reported by the company in its financial statements filed with state insurance regulatory authorities. This item is reported net as to encumbrances on real estate (the amount of any encumbrances on real estate is deducted from the value of the real estate) and net as to amounts recoverable from reinsurers (which are deducted from the corresponding liabilities for unpaid losses and unearned premiums).
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Unaffiliated Investments - These investments represent total unaffiliated investments as reported in the exhibit of admitted assets. It is cash, bonds, stocks, mortgages, real estate and accrued interest, excluding investment in affiliates and real estate properties occupied by the company. Monthly Periodic Rate: The monthly interest rate that is calculated by dividing the annual percentage rate, by the number of months in a year.
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Net Premiums Written to Policyholder Surplus (IRIS) - This ratio measures a company's net retained premiums written after reinsurance assumed and ceded, in relation to its surplus. This ratio measures the company's exposure to pricing errors in its current book of business. Information which is not kept confidential on your credit report – i.e. anyone who enquires can see it. This information includes tax liens, lawsuits, and debt related judgements.