Some policies cannot be cancelled by the insurer unless premiums are not paid or fraud has been committed. O Occupant A person who lives in a dwelling. A person's occupation may be a consideration when assessing an insurance application. Occupations are classified by type and certain occupations may represent additional risks. An event which may trigger a damage or loss due to earthquake, fire, lightning, vandalism, theft, and other similar risks.
Permanent insurance Provides life insurance throughout a person's lifetime.
Policy A legal document confirming the insurance coverage and its terms and conditions. A person who owns the insurance policy. An injury, a sickness or a condition that existed before the date that an insurance policy takes effect. The amount that a person pays for the insurance. The total amount payable for the selected coverage.