What do you mean by NAIC code

2023-06-02T04:16:32+00:00June 2, 2023|Insurance|

| ByWinsurtech

The North American Industry Classification System (NAICS) is a company classification system designed through a collaboration between the United States, Canada, and Mexico. This classification method makes it possible to [...]

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Managing General Agent (MGA)

2023-04-24T08:05:51+00:00September 27, 2021|Insurance|0 Comments

| ByWinsurtech

Managing General Agent(MGA) is a specialized type of insurance agent/broker that is authorized with different insurance companies. We can say that these types of agents can work as a [...]

Actual Cash Value

2023-04-24T08:06:36+00:00September 23, 2021|Insurance|0 Comments

| ByWinsurtech

In insurance, the actual cash value is the value of the asset at the current time based on current conditions. There are some factors by which actual cash value [...]

Flood Insurance

2023-04-24T08:07:37+00:00August 24, 2021|Insurance|0 Comments

| ByWinsurtech

Definition: Flood Insurance is a type of Property Insurance that usually covers Home/Dwelling for the different types of losses which will be sustained by water damage and specifically due [...]

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