I used to work in one of the leading international insurance company many years ago. I am familiar with the terminologies but not by heart. I remember reading tons of insurance policies coming from our insurance marketing department. They were very keen on wordings, terminologies, and clauses (you know, those fine print that one should never, ever miss to read and understand!). Although my understanding was not extremely in-depth but I always make sure that when hubby and I purchase insurance, we always read the fine print and everything from top to bottom, front to back.