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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 
intermediate report
Health care; Managed care
A claim report on the condition of a continuing disability.
clean claim
Health care; Managed care
A claim that meets all insurer requirements and is submitted before the filing limit.
confinement clause
Health care; Managed care
A clause in some health insurance policies that specifies that disability income benefits are payable as long as the insured is confined at home, in a hospital, or in a ...
examination under oath
Health care; Managed care
A clause in some insurance policies that permits the insurance company to obtain statements on claims and related facts from an insured under oath. Perjury charges may result from ...
defeasance
Health care; Managed care
A clause included in some health insurance policies which provides that performance of certain specified acts will nullify the contract agreement.
sound health clause
Health care; Managed care
A clause sometimes included in a policy that states that the policy will not take effect on delivery unless the applicant is alive and in good health.
outcome
Health care; Managed care
A clinical outcome is the result of medical or surgical intervention or nonintervention.
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)