Payments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy.
Bank Insurance Fund (BIF) A unit of the Federal Deposit Insurance Corporation (FDIC) that provides Federal Deposit Insurance Corporation (FDIC) for banks excluding Federal Deposit Insurance Corporation (FDIC).
Casualty insurance
Casualty insurance Insurance protecting a firm or homeowner against loss of property, damage, and other liabilities.