Term
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Definition
| The amount payable upon the death of the person whose life is insured. |
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Term
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Definition
| A type of life insurance that features a level premium and a death benefit that decreases each year over the duration of the policy. |
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Term
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Definition
| The portion of the loss that is to be paid by the insured before any claim benefits may be paid by the insurer. |
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Term
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Definition
| An unfair trade practice in which one agent or insurer makes an injurious statement about another with the intent of harming the person's or company's reputation. |
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Term
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Definition
| A person who relies on another for support and maintenance. |
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Term
| Director (Commissioner, Superintendent) |
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Definition
| The head of the state department of insurance. |
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Term
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Definition
| A physical or mental impairment, either congenial or resulting from an injury or sickness. |
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Term
| Disability Income Insurance |
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Definition
| Health insurance that provides periodic payments to replace an insured's income when he/she is injured or ill. |
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Term
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Definition
| An act of identifying the name of the producer, representative or firm, limited insurance representative, or temporary insurance producer on any policy solicitation. |
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Term
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Definition
| An insurance company that conducts business in the state of incorporation. |
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Term
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Definition
| An insurance company that conducts business in the state of incorporation. |
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Term
| Dread (Specified) Disease Policy |
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Definition
| A policy with a high maximum limit that covers certain diseases named in the contract (such as polio and meningitis). |
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Term
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Definition
| A federal requirement that employers who have 25 or more employees, who are within the service area of a qualified HMO, who pay minimum wage, and offer a health plan, must offer HMO coverage as well as an indemnity plan. |
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