LOMA's Glossary of Insurance and Financial Services Terms is a compilation
of definitions from various LOMA texts; however, it is not an assigned text for
any LOMA course. Sometimes a definition in the Glossary will differ somewhat
from the definition in a text because of the nuances of the subject matter in the
text. A student taking an exam always should rely on the definition in the assigned
text rather than the one in the Glossary.
While a great deal of care has been taken to provide accurate, current, and authoritative
definitions in the Glossary, the definitions presented here are for general
informational and educational purposes only. The Glossary is made available
with the understanding that it is neither designed nor intended to provide the reader
with legal interpretations of any terms. If legal advice or other expert assistance
is required, the services of a competent professional should be sought.
This Glossary is provided as a service to our members. LOMA's Glossary of
Insurance and Financial Services Terms (c)2006 LOMA (Life Office Management Association,
Inc.) All rights reserved.