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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 
group disability insurance
Health care; Managed care
A health insurance contract issued to cover designated groups having the same employer or common affiliation of interest, and that offers benefits primarily for loss of time and ...
organizational determination
Health care; Managed care
A health insurance or managed care plan’s decision to pay or appeal medical services payment decisions aft er an appeal is filed.
secondary payer
Health care; Managed care
A health insurance plan that pays second-in-line for health care services. Private insurance, Medicare or Medicaid.
family expense policy
Health care; Managed care
A health insurance policy that covers the medical expenses of the policy owner and his or her immediate dependents (usually spouse and children).
comprehensive health insurance
Health care; Managed care
A health insurance policy that incorporates the coverage of major medical and basic medical expense policies into one policy.
dread disease insurance
Health care; Managed care
A health insurance policy that protects against medical expenses resulting from a certain dreaded disease, such as cancer.
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)