insurance

What is a carrier?

 

What is a carrier?

The Bankrate.com financial term of the day is: "carrier."

The word carrier has lots of meanings. It can be another word for "airline," it can refer to a person or organism that spreads sickness, it can mean a phone company, or it's one of those huge warships that serve as seaworthy airports for warplanes. "Carrier" also has a definition that pertains to insurance, and it's a very simple one. It's the company that issues a life insurance or other insurance policy and takes on the risk that a claim might one day have to be paid.

Got insurance? Then you've got a carrier, a fancy way of saying "insurer."

To get an insurance quote, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
advertisement
advertisement

Blog

Tara Baukus Mello

GM earnings soar, and so might air-bag recalls

GM announces strong second-quarter earnings and says it may have to recall millions more cars for air bags.  ... Read more


Connect with us