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Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
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Insurance > Health insurance 
acuity
Health care; Managed care
A benchmark of illness severity used to establish medical or allied medical staffing needs.
prepaid asset
Health care; Managed care
A benefit like rent or a health care insurance premium that is paid for in advance.
quarantine benefit
Health care; Managed care
A benefit paid for loss of time resulting from the quarantining of an insured by health authorities.
prior carrier deductible credit
Health care; Managed care
A benefit that allows covered persons or their dependents credit for deductibles already accumulated for the calendar year under their employer’s previous health insurance ...
itemized bill
Health care; Managed care
A bill or invoice for medical services rendered and the charge for each.
board of trustees
Health care; Managed care
A Board established by the Social Security Act to oversee the financial operations of the Federal Supplementary Medical Insurance Trust Fund. TheBoard is composed of six members, ...
fiduciary bond
Health care; Managed care
A bond that guarantees the faithful performance in life and health insurance matters, among others.
Sub-categories
- Car insurance (39)
- Commercial insurance (92)
- General insurance (136)
- Health insurance (5560)
- Home insurance (17)
- Life insurance (3867)
- Medicare & Medicaid (23018)
- Travel insurance (7)