A policy wherein the insured can modify the amount and scheduling of premium payments.

An account made up of funds deducted from an employee’s pretax earnings. This account can be used to pay for child care or medical costs not already covered by the plan. Any money left in the account at the year’s end is forfeited.

-An account that is often funded through a voluntary salary reduction agreement and allows the account holder and dependents to pay or be reimbursed for qualified out-of-pocket medical expenses with pre-tax dollars. FSAs allow $500 each year to be rolled over into an FSA for use in the following year. Beyond that limit FSA dollars are “use-it-or-lose-it” benefits, meaning that they are forfeited if not used for qualified expenses during the year.

A Policy protecting individuals as fare paying passengers of a scheduled aircraft from destination to destination including while entering or coming out of aero plane. It is generally obtained at airports.

That portion of the balance of a bank account which the bank still shows as being in that account even though a cheque or other instrument payable from that account, has been negotiated. Float occurs during the interval of time between the negotiations of the instrument and its clearance and debiting against the account.

An inland marine form covering movable property wherever located within territorial limits.
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UK: An item on moveable property with a sum insured that moves with the goods to wherever the property is located within a range of locations. The item ‘tops up’ sums insured designated to specific locations when those sums insured become temporarily inadequate. The floater is subject to the two conditions of average and assists an insured whose distribution of goods across premises varies over time. See FLOATING POLICY.
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Property Insurance on moveable property, whatever its location within the territorial limits of the Policy. The coverage “floats” with the property. Generally there is a territorial limit and coverage is provided at any location within that territory.