Refer: “Reinsurance, Commission”
Insurance Encyclopedia
Commissioner
See: Commissioner of Insurance .
***
The title of the head of most state insurance departments.
Commissioner of insurance
At the state level, the highest regulator of insurance, elected to protect the interests of the policy owner.
***
MEDICAL,USA: State official responsible for the enforcement of laws pertaining to insurance in the respective states. The commissioner’s title, status in government, and responsibilities differ somewhat from state to state, but all states have an official with such responsibilities regardless of his or her title. Also known as Insurance Commissioner, Superintendent of Insurance, or Director of Insurance.
***
The official in a state (or territory) responsible for administering insurance regulation sometimes called the superintendent or director of insurance.
Commissioner’s method
System for calculating modified net premiums and reserves for life insurance policies.
Commissioner’s standard industrial mortality table (Life Insurance)
A table used to find the nonforfeiture value due to the policyholder of an industrial life insurance policy.
Commissioner’s standard ordinary mortality table (Life Insurance)
A table used to find the nonforfeiture value due to the policyholder of a life insurance policy.
Commissioner’s values
A list of the values of securities published by the national association of insurance commissioners annually. This list is used when documenting the values of the securities owned by the insurance company on its balance sheet.
Commitments
A promise or pledge by an Insurance Company to accept certain risks.
Commodity Specialist
An official authorized by the U.S. Treasury to determine proper tariff and value of imported goods.
Commodity Trade Clauses (A), (B) & (C)
These are agreed with the Federation of Commodity Associations for the Insurance of shipments of Cocoa, Coffee, Cotton, Fats and Oil not in bulk, Hides, Skins and Leather, Metals, Oil Seeds, Sugar (raw or refined) and Tea. Much of the cover in these Clauses is the same as provided in the standard ICC (A), (C) & (C).