Category: Health Insurance Terms Dictionary
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Premium
A consideration ; a reward for an act done; a bounty or bonus . Also, the annual or periodic payment made by an insured to the insurer in consideration of the insurer issuing the policy of insurance or renewing the same.
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Cooperatives
Legal Definition and Related Resources of Cooperatives Meaning of Cooperatives Cooperatives or insurance cooperatives were proposed in the Senate as an alternative to a proposed government plan or public option. The cooperatives, which would have […]
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Benefit
Advantage; profit. In the context of certain social welfare legislations, the term means periodic payments made to a qualified recipient.
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Attachment
Legal Definition and Related Resources of Attachment Meaning of Attachment The seizure or taking of property for the purpose of placing same under the control of the court and held to satisfy a judgment to be obtained. Russell v Fred G. Pohl Co., […]
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General Agent
This typically refers to a middle man agent who facilitates business between retail agents and the insurance company….
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Morbidity
Legal Definition and Related Resources of Morbidity Meaning of Morbidity A mathematical representation of the occurrence of illnesses to a specific classification of people. Related Entries of Morbidity in […]
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Insured
The person who procures an insurance. …
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Insured
The person who procures an insurance. …
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Agent
(Lat. agens, from agere, to do). One who undertakes p transact some business, or to manage some affair, for another, by the authority and on account of the latter, and to render an account of it. 1 Livermore, Ag. 67; 2 Bouv. Inst. 3. The term is one of a very wide application, and […]
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Agent
(Lat. agens, from agere, to do). One who undertakes p transact some business, or to manage some affair, for another, by the authority and on account of the latter, and to render an account of it. 1 Livermore, Ag. 67; 2 Bouv. Inst. 3. The term is one of a very wide application, and […]