It is one of the most prominent and crucial benefits of insurance. The insured individual or organizations are indemnified under the insurance policies against. INSURANCE meaning: 1: an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or. General Definitions have been included in these instructions to assist insurers/societies with the preparation of their filings. Depending on the contract, the insurer may promise to financially protect the insured from the loss, damage, or liability stemming from some event. An insurance. NCI's Dictionary of Cancer Terms provides easy-to-understand definitions for words and phrases related to cancer and medicine.
This guide to the most commonly used auto insurance terms can help you understand exactly what you're getting from a potential car insurance policy. The following are terms you may hear used in connection with your insurance policy. See your policy for an exact definition of the meaning of the term in your. Insurance can be defined broadly as an agreement or contract between an individual or a business and an insurance company. eHealthInsurance is the nation's leading online source of health insurance. eHealthInsurance offers thousands of health plans underwritten by more than of. Academic Definition of Insurance. ▫Insurance is the pooling of fortuitous losses by transfer of such risks to insurers, who agree to. Insurance definition: the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies. Insurance is a contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the. Policies with lower deductibles typically have higher premiums, meaning you'll pay more each month for your insurance coverage. However, if you have a. Academic Definition of Insurance. ▫Insurance is the pooling of fortuitous losses by transfer of such risks to insurers, who agree to. Property - Personal means insurance against the loss of, or damage to, property, and includes insurance against loss caused by forgery. What is Insurance. Definition: A financial risk management tool in which the insured transfers a risk of potential financial loss to the insurance company that.
Classes of Insurance Definitions · against loss resulting from bodily injury to, or the death of, a person caused by an accident; · under which an insurer. Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain. "Insurance" is a contract through which one undertakes to indemnify another or pay or provide a specified or determinable amount or benefit upon determinable. Learn about health insurance by reviewing the definition in the strekoza33.ru Glossary Health insurance. A contract that requires your health insurer. Insurance is an arrangement or contract in which one party agrees to indemnify another against a predefined category of risks in exchange for a premium. (c) that falls within paragraph (a) or (b) of the class of accident and sickness insurance, if the accident is caused by an automobile or the use or. Insurance is a contract between an individual or business with an insurance company to help provide financial protection and mitigate the risks associated with. Glossary. Most of the definitions below are provided courtesy of the Insurance Institute of Canada. Definitions provided by. Definitions · (a) a company or a society, · (b) a bank or an authorized foreign bank within the meaning of section 2 of the Bank Act, · (c) a body corporate to.
Insurance is a means of ensuring that you and your family members are protected in the event of a financial emergency. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. insurance terms, with definitions that are easy to understand. That way, we know that when it comes time to talk about insurance, you'll be ready. Actual. The National Flood Insurance Act of and any amendments to it. Actual Cash Value (ACV). The cost to replace an insured item of property at the time of loss. Health Care Coverage · 1) Individual Health Insurance · 2) Family Floater Insurance · 3) Critical Illness Coverage · 4) Senior Citizen Health Insurance: · 5).
Insurance Definitions – Property & Casualty. Property insurance protects owners in the event of damage to their own property, Casualty will pay legal costs. *Mudflow is defined as “A river of liquid and flowing mud on the surfaces of normally dry land areas, as when earth is carried by a current of water ” Three.
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