Glossary & Financial Terms: ‘P’

Paid-Up Insurance
Par In Force
Par Rritten, Gross
Par Value
Par Written, Net
Paramedical Examination
Partial Disability
Participating Insurance
Participating Policy
Participating Policy (Par Policy)
Participating Preferred Stocks
Participation Limit
Partnership
Payee
Payment Cap
Payor
Payout Phase or Payout Period
PEO
Performance Notes
Peril
Perils
Periodic Transfer
Permanent
Permanent (Life Insurance)
Permanent and Total Disability
Permanent Life Insurance
Permanent Resident Alien
Personal Financial Specialist (PFS)
Personal History Interview (PHI)
Personal Liability Insurance
Personal Lines
Personal Property
Personal Representative
Physician
Physician's Expense Insurance
PIP
Point of Service
Points
Policy
Policy Basis
Policy Fee
Policy Illustration
Policy Limit
Policy Loan
Policy Period
Policy Reserves
Policy Term
Policyholder
Policyholder Dividend Ratio
Policyholder Surplus
Policyowner
Pool Insurance
POS
Post Mortem
Power of Attorney
PPO
Pre-Certification
Pre-Disability Earnings
Pre-Existing Condition
Pre-Paid Health Plan
Preauthorized Check (PAC)
Preexisting Condition
Preferred Auto
Preferred Rates
Preferred Rating
Preferred Risk
Preferred Stock
Premature Withdrawal
Premium
Premium Loan
Premium Revenue
Premium Unearned
Premiums
Premiums Earned, Gross
Premiums Earned, Net
Premiums Written, Gross
Premiums Written, Net
Prepaid Group Practice Plan
Present Value
Present Value of a Series of Payments
Present Value of a Single Sum
Presumptive Disabilities
Presumptive Disability
Presumptive Total Disability
Pretax Income
Pretax Operating Income
Pretax Return on Revenue
Previous Month-End AUV
Price/Book Ratio
Price/Earning Ratio
Primary Beneficiary
Primary Care Doctor
Primary Care Physician
Primary Insurance
Primary Insurance Amount (PIA)
Primary Insurer
Principal
Principal Beneficiary
Principal Residence
Principal Sum
Prior Expenses
Prior Income
Private
Private Annuity
Private Letter Ruling
Private-Letter Ruling
Probate
Probate Estate
Probated
Professional Insurance Agent (PIA)
Professional Reinsurer
Promissory Note
Property Casualty
Property Damage Liability Coverage
Proration
Prospective Payment
Prospectus
Provider
Provisions
Proximate Cause
Public Adjuster
Public Offering
Punitive Damages
Purchase Paid-Up Additions
Purchase payment
Purchase Payments
Pure Insurance
Put
Put Writer