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Terms and Definitions

Terms and Definitions - Ohio Mutual Insurance GroupWe recognize that insurance can be confusing or complex at times.

In order to help you understand the terms and phrases frequently used in the insurance world, we’ve included links below to some excellent insurance glossaries that are available on the web.

Insurance Information Institute Glossary

For more than 40 years, the Insurance Information Institute has provided facts, figures and other information about insurance to consumers, news media, governments, schools, universities, and regulatory organizations. It publishes a number of pamphlets and books on a wide range of topics, and is considered an authoritative, reliable source of information about the world of insurance.

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A.M. Best Glossary of Insurance Terms

Founded in 1899, A.M. Best Company is the largest and longest-established company devoted to in-depth reports and financial strength ratings of insurance companies and other financial services organizations. It is a respected source of information about insurers, and its long-established rating system is a standard in the insurance industry.

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National Association of Insurance Commissioners – Glossary of Insurance Terms

The NAIC was founded in 1871 to assist state government officials in their role of regulating the conduct of insurance companies in their respective states or territories. The mission of this regulatory support agency is to assist in protecting the interests of insurance consumers by promoting competitive markets, fair treatment of insurance consumers, financial reliability and solvency of insurers, and improved state regulation of insurance.

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If you have any difficulty understanding the terms and conditions of your Ohio Mutual Insurance Group policy, your agent is your best source for further details and information. You may also contact us for information or help with your questions, although we may refer you to your agent if he or she is the most appropriate source of the information you need.