| Earned Income | An individual's employment from salary wages, commissions, or fees. |
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| Earned premium | Applies to the portion of the policy period which has already expired and includes the part of total property casualty policy premium. |
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| Elimination period | In health insurance, a period when benefits are not paid. |
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| Endorsement | Written provision that adds to, deletes, or modifies the terms and conditions of the original contract. |
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| Endorsement | An additional paper mentioning certain terms, besides the original contract and when attached to original, a legal part of the contract. |
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| Endowment | The amount payable to the policy holder on the maturity date if he is living or to a beneficiary if the insured dies prior to the maturity period. |
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| Endowment Insurance | Benefits of death claim and maturity claim are paid on the happening of the event. |
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| Entry Load | At the time of purchase of units, loading is called entry load, and at the time of exit, exit load is imposed. |
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| Estoppel | Law that prevents a person from denying the truth in a statement made to the insurer who has relied upon the same at the time of underwriting. |
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| Exchange Traded Funds | Although listed on stock exchange as a close-ended index fund, it is traded like an open-ended fund as it creates and redeems units according to the rise and fall in demand. |
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| Exclusions | Perils, losses and property excluded from the insurance contract. |
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| Exclusive agency System | Only one agency operates in the marketing organization. |
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| Experience Rating | Where the future premium are adjusted according to the experience gained in group life insurance. |
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