Group Policy

What is Group Policy?

A definition of group policy is: A contract of insurance whereby persons, usually employees of a business enterprise, are insured in consideration of a determined payment per period, so long as the person remains in employment and the premiums are paid. More details on the Encyclopedia. The employer holds a master policy from the insurer, and each employee participant holds a certificate as evidence of coverage.[1]

Resources

Notes

1. “Group Policy” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)

See Also

• Insurance