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Risk and Insurance Management Society, Inc. (RIMS)

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Tel: +1 (212) 286-9292
Address:
13th Floor
1065 Avenue of the Americas
New York
NY 10018
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The Risk and Insurance Management Society Inc. (RIMS) is a not-for-profit organization dedicated to advancing the practice of risk management, a professional discipline that protects physical, financial and human resources.

 

Founded in 1950, RIMS represents nearly 4,000 industrial, service, non profit, charitable, and governmental entities. The Society serves over 10,000 risk management professionals around the world.

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From The Glossary »

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Surrender Charge:

A deduction from the policy reserve made by the insurance company in computing a cash-surrender value. The deduction is necessary to permit the company to recoup its issue and administrative expenses.
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