Silsbee, Texas. Silsbee is a city in Hardin County, Texas, United States. It is located at the intersection of U.S. Highway 96 and State Highway 327. The population was 6,611 at the 2010 census. It is part of the BeaumontâPort Arthur Metropolitan Statistical Area.
Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium.
DEFINITION of 'Indemnity Insurance'. An insurance policy that aims to protect business owners and employees when they are found to be at fault for a specific event such as misjudgment.ypical examples of indemnity insurance include professional insurance policies such as malpractice insurance, and errors and omissions insurance, which indemnify professionals against claims made in the workplace.