Shared Flashcard Set

Details

Insurance
n/a
23
Business
12th Grade
12/06/2012

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Cards

Term
Risk
Definition
Measure of the likelihood that something will be lost
Term
risk management
Definition
process of measureign risk.
Term
Dependent
Definition
individual who relies on somone else.
Term
policyholder
Definition
when you buy insurance you become one
Term
premium
Definition
You pay with a set of this amount.
Term
deductible
Definition
amount you pay before a minimum plus a deductible.
Term
free-for-service plan
Definition
amount you must pay before insurance begins to pay
Term
coinsureance
Definition
percantige of the service cost patients pay
Term
inpatient
Definition
person whose care requires a stay in the hospital
Term
managed care plan co-payment
Definition
contract with specific doctors.
Term
health savings account
Definition
a tax advantage savings account available to people enrolled in quilified plans.
Term
exclusion
Definition
medical servises not coverd.
Term
preexisting condition
Definition
an illness or an injury.
Term
beneficiary
Definition
person or orginization named by a placeholder.
Term
term life insurance
Definition
proved protection for a limited time
Term
whole life insurance
Definition
provides basing long term insurance
Term
endowment insureance
Definition
pays the face value of the policy to beneficialries the insured dies before the endowment period ends.
Term
appraisal
Definition
estimate of the curent value of prperty
Term
depreciation
Definition
decrease in the value of property
Term
bodily injury liability
Definition
insurance that protects you from mobile injuries
Term
property damage liablity
Definition
protects you when you are responible for an auto accident
Term
propert damage liability
Definition
when you are liable for damage.
Term
no-fault auto insurance
Definition
when the polciholder makes claims
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