Term
|
Definition
| riders attached to life insurance policys that allow death benefits to be used to cover nursing or covelent home expenses |
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Term
| accidental death benefits |
|
Definition
| a policy rider that states that the cause of death will be aynalyzed to determine if it complies with policy description of accidental death |
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Term
| accidental death insurance |
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Definition
| an insurance policy that provides payment if the insureds death is result of an accident |
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Term
|
Definition
| the time before an annuitants retirement during which the annuit is making investments or payments |
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Term
| Aquired Immunodeficenscy system (Aids) |
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Definition
| infectious and incurable disease caused by hiv |
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Term
|
Definition
| the required amount pay damages for property loss (this amount is based off the property's current value/ minus deprecation |
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Term
|
Definition
| A contract offered "take it or leave it"basis by an insurer in which the insureds only options it to take it or leave it ( any ambigous contract will be settled in favor of the insured |
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Term
|
Definition
| Life Insurance that permits changes on the face amount,premium amount, period of protection, and the duration of the payment period. |
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Term
|
Definition
| A rep from and insurance company who investigates and acts on the behalf of the company to obtain agreements for the amount of the insurance claim |
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Term
|
Definition
| An individual appointed by a court as a fiduciary to settle the financial affairs and estate of a deceased person |
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Term
| Admitted ( Authorized ) Insurer |
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Definition
| An insurance company licensed and authorized to conduct business in a certain state |
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Term
|
Definition
| A program for imparied adults that attempts to meet their health and social needs |
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Term
|
Definition
| The tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probablity |
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Term
|
Definition
| An insurance sale or company |
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Term
|
Definition
| a person who is licensed to sell insurance on behalf of a company |
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Term
|
Definition
| Special powers granted to the agent by his or her agency contract |
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Term
|
Definition
| a contract with participating parties exchange unequal amounts. Insuranace contracts are aleatory in the amount the insured will pay an enqual amount to the premium the insurance company will pay |
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Term
|
Definition
| Insurance Company outside the US |
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Term
|
Definition
| Causes person to become disfunctional do to severe memory loss |
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Term
|
Definition
| Detailed Report Insurance company must present to the state once a year |
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Term
|
Definition
| A contract that provides income for a specified period years or life |
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Term
|
Definition
| The appearance or assumption of authority based on the actions words or deeds of the principal, or of a situation the principal created |
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Term
|
Definition
| Person submitting an application to be insured by the company |
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Term
|
Definition
| Document that provided information for the underwriting process |
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Term
|
Definition
| the transfer of rights of ownership of a life insurance policy from one person to another |
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Term
|
Definition
| Age of insured at determined date |
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Term
| Attending Physicians Statement |
|
Definition
| A statement usually obtained by the applicants doctor |
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Term
| Authorized(admitted insurer) |
|
Definition
| An Insurance company authorized to conduct business in a particular state |
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Term
|
Definition
| method of dealing with risk by avoiding it |
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Term
|
Definition
| A ledger or proposal used in the sale of a life insurance policy that shows both guaranteed and non guaranteed elements |
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Term
|
Definition
| Person who receives the proceeds from a life insurance policy |
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Term
|
Definition
| Temp Contract that puts life insurance policy into effect before the premium has been paid |
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Term
|
Definition
| Method for determening primary coverage for a dependent based which parents birthday comes first is the primary |
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Term
|
Definition
| person who represents the insured during the process of negotiating the purchase of insurance |
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Term
|
Definition
| A legal contract that detrimes what will happen to the business if owner becomes disabled or dies |
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Term
|
Definition
| Booklet that describes insurance polices and concepts and provides general information to help make correct decision |
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Term
|
Definition
| The ammount of cash insured is entitled to if surrendered before maturity |
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Term
|
Definition
| Statement that confirms policy has been written and describes converge |
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Term
|
Definition
| Authorizes compainies to conduct business and what kind of insurance they can conduct ( cannot operate with out this) |
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Term
|
Definition
| A legal document that indicates an insurance policy has been issued. States the amount and type of insurance |
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Term
|
Definition
| A request for payment from and insurance policy |
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Term
|
Definition
| Unfair trade practice. Agent uses mental or physical force to make a transaction happen |
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Term
|
Definition
| Provision that states that the insurer and insured will share losses covered by the policy in the proportion in advance |
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Term
|
Definition
| A practice in which a person in a fiduicuary capacity illeaglly mixes thier funds held in a trust |
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Term
|
Definition
| Payment issued to the agent who brokered the sale |
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Term
|
Definition
| The Chief Exective in the state insuracne is being sold |
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Term
|
Definition
| Withholding of facts that can void contract |
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Term
|
Definition
| Contract in which both parties must follow certain pre agreed guidelines to make contract enforceable |
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Term
|
Definition
| Binding for in a contract that requries something of vaule to be exchanged for the transfer of risk. Considertaion on part of insured is to PAY PREMIUM. Consideration on part of Insurance company is to PAY IN CASE OF LOSS |
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Term
|
Definition
| Written/ Oral Statement regarding consumers credit,character, reputation, ECT. |
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Term
|
Definition
| Agreement between two parties enforced by law |
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Term
|
Definition
| Group insurance plan that requires employees to pay part of the premium |
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Term
|
Definition
| An entity that obtains and possess a license soley writing business on the owner, immediate family relatives employees or employer |
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Term
|
Definition
| policy that can be exchanged for another type of policy by contractual provision without evidence of insurablity |
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Term
|
Definition
| Provsion that deterimes who the primary provider if more than one insurance policy is held |
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Term
|
Definition
| signing insurance policy by liceneced agent |
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Term
|
Definition
| the inclusion of losses which are covered by policy |
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Term
|
Definition
| A special type of coverage written to pay off debt if person dies |
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Term
|
Definition
| Care that is rendered to help insured complete daily life activities |
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Term
|
Definition
| Payment upon death of person who held life insurance |
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Term
|
Definition
| Type of policy where the premium decreases each year policy is held |
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Term
|
Definition
| Statement made with intention of harming another |
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Term
|
Definition
| Person who relies on another for support q |
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Term
|
Definition
| Cheif executive of insureance department |
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Term
|
Definition
| Act of identifiying the person or business on a policy |
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Term
|
Definition
| Company who conducts business within state |
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Term
|
Definition
| Insurers locations and ability to write insurance within the state |
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Term
|
Definition
| Ammount of premium for which the policy has been given |
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Term
|
Definition
| Date in which insurance takes effect |
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Term
| Employee Retirement Income Securties Act |
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Definition
| The act that stipulates federal standards for private pension plans |
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Term
|
Definition
| For for changing provisions attached to a life insurance policy |
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Term
|
Definition
| Reach maturity date so face ammount equals cash vaules |
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Term
|
Definition
| A legal impedment for denying a fact or restoring a right that has been previously waived |
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Term
|
Definition
| Insurance that pays over the basic policy |
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Term
|
Definition
| Causes listed in the contract in which policy will not be paid |
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Term
|
Definition
| Date of termination specified in the policy |
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Term
|
Definition
| Authority given to agent as expressed in the written contract |
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Term
|
Definition
| Provision that allows coverage to go beyond policys experation date if someone is unable to work or in hospital |
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Term
|
Definition
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Term
| Fair Credit Reporting Act |
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Definition
| Fed Law establishing prodcedures that must be followed to ensure the integrity of the credit report |
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Term
|
Definition
| An agent or broker who handles funds in a trust capacity |
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Term
|
Definition
| An annuity that offers fixed payments and a guaranteed interest rate |
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Term
|
Definition
| Allows for variation of premium payments |
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Term
|
Definition
| insurance company insured in another state |
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Term
| Fraternal Benefits Society |
|
Definition
| Life or health insurance companies formed to proved insurance for members of an affiliated lodge, Religious organizations with some form of government. |
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Term
|
Definition
| Intentional Misrepresentation or deceit used to get someone to part with something of value |
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Term
|
Definition
| Period of time new policy owner is allowed to inspect life insurance policy and get full refund |
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Term
|
Definition
| Period of time after premium due date in which premium can be paid |
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Term
|
Definition
| Life insurance provided for members of a group |
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Term
|
Definition
| A circumstance that increases that chance of loss |
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Term
|
Definition
| effect a persons reputation has on his insurablity |
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Term
|
Definition
| effect a persons indifference on a loss effects their insurabilty |
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Term
|
Definition
| Hazards arising from physical characteristics of individuals |
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Term
|
Definition
| Authority agent is assumed to have in order to conduct business |
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Term
|
Definition
| Restore insured to condition prior to loss |
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Term
|
Definition
| a member organistaion unable to pay contractual obilgations and is placed under a final order of liquidation |
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Term
|
Definition
| the acceptabily of an applicant |
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Term
|
Definition
| financial interest in the life of another person, possibilty of losing something of value if insured passed away |
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Term
|
Definition
| Contract in which one party agrees to idemify another party against loss of a specific nature if premium is payed |
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Term
|
Definition
| person protected by insurance |
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Term
|
Definition
| Entity the indemnifies against losses |
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Term
|
Definition
| General Statment that identifies the general agreement between insurer and insured |
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Term
|
Definition
| Self intended act to cause harm to ones self ( not covered_ |
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Term
|
Definition
| Level of care one step down from nursing care |
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Term
| Investigating Consumer Reports |
|
Definition
| Provides information on persons character |
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Term
|
Definition
| single policy designed to cover multiple lives |
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Term
|
Definition
| Insurance policy written on life of minor |
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Term
|
Definition
| Termination of policy if policy has not been paid at end of grace period |
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Term
|
Definition
| Laws of probability for accessing loss |
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Term
|
Definition
| the accounting mesurentents used to measure insurers future obligations to pay policy holders |
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Term
|
Definition
| Premium that remains level over life of premium |
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Term
|
Definition
| Average number of years left in a persons life |
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Term
|
Definition
| Allows policyholder to sell their existing life insurance policy for compesation |
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Term
|
Definition
| level premium, level guarenteed death benfit till age 100 |
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Term
|
Definition
| Selling assets as a method of rasing capital |
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Term
|
Definition
| Rider attached to life insurance that provides benfites to terminally ill |
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Term
|
Definition
| Organizations that provide support to underwriters |
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Term
|
Definition
| Amount a policy owner can borrow against life insurance policy |
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Term
|
Definition
| Reduction of vaule in ones assets |
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Term
|
Definition
| Pays entire ammount of life insurance policy at one time |
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Term
| Market Value Adjusted annuity |
|
Definition
| A single premium defered annuity that allows contract holder to be locked in at certain rate |
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Term
|
Definition
| Date face ammount of life insurance policy becomes payable |
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Term
| Medical Information Bureau |
|
Definition
| Info database that stores health histories of people who have applied for insurance in the past |
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Term
|
Definition
| Lie that can void contract |
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Term
|
Definition
| method of premium payment |
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Term
|
Definition
| table showing probability of death |
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Term
|
Definition
| Insurance oraganisations that have no capital stock but are owned by policy holders |
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Term
| Non Admitted/ Non Authorized |
|
Definition
| Insurance company who does not have certificate of authority |
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Term
|
Definition
| insurance policy that cannot be cancelled |
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Term
|
Definition
| Guarenteed Values in a life insurance policy that cannot be taken from insured |
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Term
|
Definition
| Policy insured based on statement of health rather that medical examination |
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Term
| Non Participating Policies |
|
Definition
| Insurance does not pay divedends |
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Term
|
Definition
| type of plan that may discriminate, not required to be filed with IRS, does not provide tax decuctions |
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Term
|
Definition
| termination policy of insurer on renewal date |
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Term
|
Definition
| Agent licenced in a state in which they are not a resident |
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Term
|
Definition
| how one receives policy dividends |
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Term
|
Definition
| excessive amount of insurance that would result in overpayment in instance of a loss |
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Term
|
Definition
| A preimums have been payed but policy had not matured do to endowment of death |
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Term
|
Definition
| Insurance companies that pay dividends |
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Term
|
Definition
| Rider found in juvinile policies that waives premiums if the person paying for them is disabled or dies while child is still a minor |
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Term
|
Definition
| The cause of possible loss |
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Term
|
Definition
| General term to refer to life insurance policys that are in effect til age 100 |
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Term
|
Definition
| The likelihood of insurance polices being replaced or lapsing |
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Term
|
Definition
| Contract between insurance company and insured that agrees to pay insurable interests |
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Term
| Physical Exam and Autopsy |
|
Definition
| allows insurer ( at own expense) to have body examied if claim is pending |
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Term
|
Definition
| Insurer loans all or part of the cash value of the policy |
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Term
|
Definition
| person in possession of the policy |
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Term
|
Definition
| Person who can excersise rights on the policy |
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Term
|
Definition
| Insurance classification for those who have a love risk of incurring loss. Premiums will be less |
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Term
|
Definition
| First person to receive benefits on policy |
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Term
|
Definition
| Fundimental Insurance Policy which comes first when it comes to other policies |
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Term
|
Definition
| Full Face Value of a policy |
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Term
|
Definition
| Non Governmental insurance |
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Term
|
Definition
| Termination of an insurance policy with the adjustments of the premium |
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Term
|
Definition
| The Ammount payable by the insurance company usually when one dies |
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Term
|
Definition
| Insurance agent or broker |
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Term
|
Definition
| Covers in cases of cash value or disability |
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Term
|
Definition
| A retirement plan that meets the irs guidelines for receiving favorable tax treatment |
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Term
| Rate Service Organization |
|
Definition
| Organization formed on behalf of insurers to establish rates with the insurance department on behalf of insurance companies |
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Term
|
Definition
| Any inducement offer included in the sale of insurance products that is not specified in the policy |
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Term
|
Definition
| Unicorperated group of indiviudlas that mutually insure one anther, each assuming a share of the risk |
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Term
|
Definition
| A situation where two companies provide the same help or advantages for one another |
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Term
|
Definition
| Lessening the possibility or severity of loss |
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Term
|
Definition
| One insurance company agreeing to bail the other company out if premiums are paid |
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Term
|
Definition
| Clause that defines insurance company or insureds right to renew coverage |
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Term
|
Definition
| Insurance that can be renewed at the end of the policy |
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Term
|
Definition
| Statements that are made on an application that are believed to be true |
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Term
|
Definition
| Termination of an insurance contract due to fraud |
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Term
|
Definition
| Method of dealing with risk, insured assumes a portion of the risk |
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Term
|
Definition
| Supplemental Attachment to the contract |
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Term
|
Definition
| Uncertainty of an outcome where two or more scenarios exist |
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Term
|
Definition
| Uncertainty of a loss occuring in a situation that can only result in a loss or no change |
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Term
|
Definition
| A liability insurance company owned by its members that are exposed to the same risks by virtue of being in the same industry |
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Term
|
Definition
| The uncertainty or chance of loss in a situation that involves gain |
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Term
|
Definition
| An applicant or insured who has a average probability of loss |
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Term
|
Definition
| An applicant who is insured who has a higher than normal probability of loss |
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Term
|
Definition
| Withdrawing money from a qualified plan and placing it in another qualified plan |
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Term
|
Definition
| Primary beneficiary no longer alive, benefits go to this person |
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Term
|
Definition
| Choices available for distribution of proceeds |
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Term
|
Definition
| A method for dealing with risk for a group of individual persons or businesses with the same or similar exposure to loss |
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|
Term
| Single Premium Whole Life |
|
Definition
| pay one time lump sum payment, get level coverage til 100 |
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Term
|
Definition
| Uncertainty of incurring a loss that involves either an opportunity for loss or gain |
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Term
|
Definition
| A policy that prevents debtors of the beneficiary from collecting the benifts before they are paid out |
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Term
|
Definition
| Requirements by state law that must appear on all insurance polices |
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Term
|
Definition
| Applicant to have average risk of loss based on vocation and lifestyle |
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Term
|
Definition
| Companies owned by stockholders whose investments provide the capital to run the company |
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Term
|
Definition
| Basic policy that charges a level annual premium for life time of policy/ annual death benefit |
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Term
|
Definition
| Higher than normal probability of loss |
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Term
|
Definition
| The head of the state department of insurance |
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Term
|
Definition
| Act of giving up a life insurance policy/ insurer pays the cash value the policy has built up |
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Term
|
Definition
| Insurance that provides protection for a certain period of time |
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Term
|
Definition
| Condtion that does not allow a person to perform any sort of duties |
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Term
|
Definition
| Basic principal of insurance in which the risk of financial loss is assigned to another party |
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Term
|
Definition
| Misrepresting facts in order to get policy holder to switch to a different policy |
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Term
|
Definition
| Portion of premium that has yet to be given |
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Term
|
Definition
| a contract that leagally binds only one party to contractual obligations after premium is paid |
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Term
|
Definition
| fair and equal bargining by both parties in forming a contract, applicant must fully disclose risk, insurer agrees to be fair with underwriting |
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Term
|
Definition
| Combination of flexable premium and life insurance |
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Term
|
Definition
| Contract that pays a stated amount in event of loss |
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Term
|
Definition
| time between beginning of disability and the start of disability insurance benefits |
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Term
|
Definition
| Voluntary abandonment of a known legal right |
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Term
|
Definition
| A disability rider found in universal life insurance that waives the cost of the insurance but not the premium |
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Term
|
Definition
| Continuation of life insurance if insured becomes disabled and cannot pay the premium |
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Term
|
Definition
| material stipulation in contract that if breached would void the coverage |
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|
Term
|
Definition
| Insurance that is kept in force for a persons entire life and is paid out upon death |
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Term
|
Definition
| insurance that protects against loss due to accidental bodily harm |
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Term
|
Definition
| Unplanned unforeseen traumatic injury to the body |
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|
Term
| Accidental Death and dismemberment |
|
Definition
| An insurance policy that pays a specified amount or a specified multiple of the insurance dies or loses multiple limbs |
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|
Term
| Accidental Death Benefits |
|
Definition
| a policy rider that states the cause of death will be analyzed to determine if it complies with the policy of accidental death |
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Term
|
Definition
| The Amount a Physician or supplier actually bills for a service or supply |
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|
Term
|
Definition
| A contract offered on a take it or leave it basis by the insurer |
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|
Term
|
Definition
| An insurance company that is authorized to sell insurance |
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Term
|
Definition
| The tendency of risks with the higher probability of loss to purchase and maintain insurance more ofen than those of lower risks |
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Term
|
Definition
| Additional miscellaneous services provided by a hospital such as xrays anethisia and lab work. Not hospital room and board |
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Term
|
Definition
| The appearance of authority based on words,actions or deeds of the principal |
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Term
|
Definition
| the amount medicare determines to be reasonable that is covered under part B of medicare |
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|
Term
|
Definition
| A claim to a provider or medical supplier to receive payments from medicare |
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|
Term
| Basic Hospital Expense Insurance |
|
Definition
| Coverage for room and board at hospital for a certain amount of days |
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|
Term
| Basic Medical Expense Insurance |
|
Definition
| Coverage for doctors visit, xrays ect. Limited to specific dollar amount |
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|
Term
|
Definition
| The length of time insurance benefits will be paid for illness or disability or hospital stay |
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|
Term
| Blanket medical insurance |
|
Definition
| policy that covers all medical costs |
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|
Term
|
Definition
| unfair trade practice in which one party refuses to do busnisess with another until certain demands are met |
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|
Term
|
Definition
| A section of health care benefits in which employee can choose benefits needed |
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Term
|
Definition
| a percentage amount paid on the principal of policy if loss of appendage occurs |
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|
Term
|
Definition
| Organizations that process claims and pay benefits in an insurance policy |
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|
Term
|
Definition
| Agreement between insurer and insured in which both parties agree to pay a portion of potential loss |
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Term
|
Definition
| Plan that provides a package of heath care services. Including preventive care, routine physicals and other benefits |
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|
Term
| Comprehensive major medical |
|
Definition
| Combination of basic coverage and major medical that features low deductibles, high maximum benefits and coinsurance |
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|
Term
|
Definition
| Part of an insurance contract that insures that both parties must give something of value in transfer of risk |
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|
Term
|
Definition
| keeps insurance for 18 months if fired/ dependents 36 months |
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|
Term
|
Definition
| Care that is rendered in order to help insured complete daily activities |
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|
Term
|
Definition
| portion of claim paid to insurer before any claim is paid out |
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|
Term
| Disability Income insurance |
|
Definition
| Heath insurance that provides periodic payments to replace an insureds income when he or she is injured or ill |
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|
Term
| Dread (Specified) Disease Policy |
|
Definition
| A policy with a high maxium limit that covers certain diseases named in the contract |
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|
Term
|
Definition
| Federal Reqirement for employers with more than 25 people must offer HMO coverage as well as indemify if health carer is offered |
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|
Term
|
Definition
| A period of time in which and employee may enroll in group health care without having to provided evidence of insurabilty |
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|
Term
|
Definition
| Waiting period that is imposed on insured until disability |
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|
Term
|
Definition
| Situation that requires treatment within 24 hours |
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|
Term
|
Definition
|
|
Term
|
Definition
| Amount of time employee has to sign up for a group health plan |
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|
Term
|
Definition
| A legal impedment to denying a fact or restoring a right that has been previously waived |
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|
Term
|
Definition
| The difference between medicare approved and the actual charge |
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|
Term
|
Definition
| Statement that outlines your coverage |
|
|
Term
|
Definition
| A unit of measure used to determine rates charged for an insurance coverage |
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|
Term
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Definition
| Authority Granted to an agent through a written contract |
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Term
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Definition
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Term
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Definition
| Provision that allows benefits to be awarded past the expiration date for employees that are not at work do to disability |
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Term
| Flexible Spending Account |
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Definition
| A salary reduction cafeteria plan that uses employee funds to provide various types of health care benefits |
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Term
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Definition
| A model of HMO and PPO organizations that uses the insureds primary care doctor (gatekeeper)as the initial point of contact |
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Term
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Definition
| A type of insurance that covers a group of individuals against loss or loss of pay do to accident or illness |
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Term
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Definition
| Health Care provided to members of a group |
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Term
| Health Maintenance Organization HMO |
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Definition
| A prepaid medical service plan in which specified medical service providers contract with HMO to provide service. Focus of HMO is preventative medicine |
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Term
| Health Reimbursement Accounts HRAs |
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Definition
| Plans that allow employers to set aside funds for reimbursing employees for qualified medical expenses |
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Term
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Definition
| An entity certified by the insured health plan that provides home health care needs |
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Term
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Definition
| part time nursing or home help. physical therapists, Speech therapy |
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Term
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Definition
| A covered expense under part A of Medicare in which a licensed home health agency provides home health care for the insured |
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Term
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Definition
| A facility for terminally ill that provides supportive care such as pain relief and symtom mangement |
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Term
| Hospital Confinement Rider |
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Definition
| An optional disability income rider that waives elimination when hospitalized |
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Term
| Income replacement contracts |
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Definition
| Polices that replace a certain percentage of the insureds pure loss of income due to covered accident of sickness |
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Term
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Definition
| A rider that is added to a Life Insurance Policy to pay long term care benefits |
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Term
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Definition
| Organizations that process inpatient and out patient claims from medical facilities |
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Term
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Definition
| A level of care that is one step down from nursing. Provided under the supervison of RNs or Doctors |
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Term
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Definition
| Health insurance policies that cover only specific incidents or diseases |
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Term
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Definition
| Maximum amount a doctor can charge someone on Medicare Facility if Doc does not accept assignment of approved amount |
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Term
| Long Term Disabilty insurance |
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Definition
| insurance that covers individual until age 65 |
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Term
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Definition
| care for persons with cronic diseases or illness. |
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Term
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Definition
| insurance that pays benefits for those unable to work because of disability |
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Term
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Definition
| High deductable/ covers alot |
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Term
| Medical Expense Insurance |
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Definition
| type of insurance that pays benefits for medical, surgical,and hospital costs |
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Term
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Definition
| Employer funded account linked to a high deductible medical insurance plan |
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Term
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Definition
| US government plan for paying certain medical expences |
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Term
| Medicare Supplement insurance |
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Definition
| fills gaps in protection provided by medicare |
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Term
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Definition
| Medicare supplement insurance plans that are designed to fill in some gaps on medicare |
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Term
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Definition
| A ratio of sickness to well people in a group |
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Term
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Definition
| A table showing the frequency of sick and healthy people |
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Term
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Definition
| A group of small employers who do not qualify for group insurance individually. Group together to get insurance |
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Term
| Multiple employer welfare Associations |
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Definition
| An entity of at least two employers other that the dualy admitted insurer. offers employee benefit plan |
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Term
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Definition
| Provisions that spells out insureds duty in case of loss to notify insurer |
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Term
| Omnibus Budget Reconciliation Act |
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Definition
| Fed law that extends minimum cobra policy of group health care coverage from 18 to 29 months |
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Term
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Definition
| An excessive amount of insurance that would result in over payment on an insurance claim |
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Term
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Definition
| Rule that states that a contract may not be altered without written consent of both parties |
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Term
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Definition
| A specialty of dentisry that deals with tissue around the gums |
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Term
| Preferred Provider Organizations |
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Definition
| An organization of medical pros and hospitals who provide services to an insurance companies clients for a set fee |
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Term
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Definition
| A provision that is found in most disability income policy's which specifies the conditions that will automatically supply someone with disability |
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Term
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Definition
| The period of time between the effective date of a health insurance policy and the date of coverage for all conditions beginning |
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Term
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Definition
| involves the replacement of missing teeth |
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Term
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Definition
| A situation that can only result in loss or no change |
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Term
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Definition
| A policy provision that basically takes a reoccurring injury or illness into consideration prior the the period of disability |
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Term
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Definition
| Insurance Plans where the health care services rendered are the benefits instead of monetary benefits |
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Term
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Definition
| Cancelling Policy with a less than proportionate return on premium |
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Term
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Definition
| covers disabilities of ages 13-26 |
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Term
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Definition
| the legal process in which the insurance company seeks recovery of the amount paid to the insured from a third party who may have caused the loss |
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