Group Insurance

Legal Definition and Related Resources of Group Insurance

Meaning of Group Insurance

A form of assurance whereby a body of persons, usually employees are in consideration of a flat periodical premium based on average age and paid either by employees in whole or partially by employer and employee, are insured in a definite sum. See Ohrel v Continental Cas. Co., 350 A.2d 310, 138 N.J. Super. 170. It is a coverage of a number of persons by means of a single or blanket policy. McFarland v Businessmen’s Assurance Co. of America, 124 S.E.2d432, 105 Ga.App. 209. Such a blanket or single policy enables the insurer to sell its services at lower premium than ordinarily obtainable for the same type of insurance protection. See Land v West- coast Life Ins. Co., 201 Or. 397, 270 P.2d 154.

Related Entries of Group Insurance in the Encyclopedia of Law Project

Browse or run a search for Group Insurance in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Group Insurance in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Group Insurance in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Group Insurance in the Legal Abbreviations and Acronyms Dictionary.

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