Tag: Health Insurance Laws
-
Broker
Legal Definition and Related Resources of Broker Meaning of Broker One who exercises the calling of negotiating between parties ; the business of buying or selling or any other lawful transactions. A person whose business it is to bring a buyer […]
-
Co-Insurance
It is a stipulation in an insurance policy that the insured shall bear such proportion of any loss as the value of the property at risk, in excess of the insurance the reon, shall bear to the amount of the insurance thereon, or to the interest of the insured therein; or, in other words, that…
-
Carrier
Legal Definition and Related Resources of Carrier Meaning of Carrier A person holding himself out to transport goods and persons for hire. Carriers are of two kinds, common and private. A common carrier is one who invites all and sundry to […]
-
Claim
Legal Definition and Related Resources of Claim Meaning of Claim The assertion of a right to a remedy , relief or property . Frequently used as synonymous with cause of action . The right to demand something of another. Frequently the term is […]
-
Rider
An additional or inserted clause to a legal document. An additional clause attached to and forming part of an insurance policy.
-
Rationing
Legal Definition and Related Resources of Rationing Meaning of Rationing The fixing of a periodical allowance such as of food, fuel, clothing, etc. What does Rationing mean? Rationing […]
-
Rationing
Legal Definition and Related Resources of Rationing Meaning of Rationing The fixing of a periodical allowance such as of food, fuel, clothing, etc. What does Rationing mean? Rationing […]
-
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.
-
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 […]
-
Benefit
Advantage; profit. In the context of certain social welfare legislations, the term means periodic payments made to a qualified recipient.