What is the definition of Line?
Line, in insurance language, is used to refer to the kind or type of insurance being offered.
For individual insurance or personal lines, this would mean life and health/disability insurance. Under the life insurance line, products may include term life, universal life, variable life, whole life, variable universal life, Credit life, industrial life, annuities and other life insurance products.
For Health and disability lines, products may include specified disease coverage, medical expense insurance, disability insurance, along with accidental death and travel accident insurance.
For commercial lines, the insurance industry will usually offer "sub"-lines, such as commercial property, earthquake, inland marine, flood, and ocean marine insurance.
There is actually a host of insurance lines since insurance companies can offer a long list of products for their clients.
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- Liquidation
- Liquidity
- Liquor Liability
- Lloyds
- Lloyd’s of London
- Long-Term Care Insurance
- Long-Term Disability Income Insurance
- Loss
- Loss Adjustment Expenses
- Loss Costs
- Limits
- Life Insurance
- Life Income with Refund Annuity
- Life Annuity
- Life Annuity with Period Certain
- Liability Insurance
- Level Premium Policies
- Law of Large Numbers
- Lapse
- Laddering