Glossary of insurance terms

PEO	PIP
POS	PPO
paid-up insurance	par in force
par written, gross	par written, net
partial disability	participating insurance
participating policy	payout period
performance notes	permanent life insurance
physician's expense insurance	policy
policy loan	policy reserves
policy term	policyholder
policyholder dividend ratio	pool insurance
pre-disability earnings	pre-existing condition
precertification	preferred provider organization (PPO)
premium	premium loan
premium revenue	premiums earned, gross
premiums earned, net	premiums written, gross
premiums written, net	prepaid group practice plan
pretax income	pretax operating income
primary insurance	primary insurer
principal	principal sum
property casualty	property/casualty
proration	prospective payment
public adjuster

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