Tag: insurance
National Association of Insurance Commissioners (NAIC)
What is 'National Association of Insurance Commissioners - NAIC' A nationwide organization whose main responsibility is to protect the interests of insurance...
National Social Security Fund (China)
What is 'National Social Security Fund (China)' A government-controlled investment fund established primarily to provide a reserve of funds for China's social...
Office Of Thrift Supervision (OTS)
What is the Office of Thrift Supervision (OTS)?
The Office of Thrift Supervision (OTS) is a federal regulator of savings and loan associations, savings banks,...
Old-Age And Survivors Insurance Trust Fund
What is 'Old-Age and Survivors Insurance (OASI) Trust Fund' One of the two trust funds managed by the Social Security Administration, the...
Malpractice Insurance
DefinitionProfessional liability insurance, also called professional indemnity insurance but more commonly known as errors & omissions in the US, is a form of liability...
Management Risk
What is 'Management Risk' The risks associated with ineffective, destructive or underperforming management, which hurts shareholders and the company or fund being...
Management Investment Company
What is a Management Investment Company (MIC)?
A MIC is a type of investment company that is regulated by the SEC. MICs are similar to...
Magnet Employer
What is 'Magnet Employer' A popular business or businessperson to whom job candidates naturally gravitate. Magnet employers often have brand name recognition...
Major Fraud Act Of 1988
What is 'Major Fraud Act Of 1988' A piece of legislation passed during the Reagan administration that modified and strengthened previous fraud...
Absolute Beneficiary
What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also...