Term
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Definition
| a person who sells insurance policies |
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Term
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Definition
| the person, or entity designated to recieve the death benefits from a life insurance policy or annuity contract |
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Definition
| pays for damage to your car without regard to who caused an accident. the company must pay for the repair or up to the actual cash value of your vehicle, minus your deductible |
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Term
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Definition
| the amount the insured must pay in a loss before any payment is due from the company |
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Term
| health maintenance organization (HMO) |
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Definition
| prepaid group health insurance plan which entitles members to servies of participating physicians, hospitals and clinics. emphasis is on preventative medicine |
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Definition
| responsibility to another for one's negligence |
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Term
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Definition
| the amount an insurance company pays on a claim |
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Term
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Definition
| the price of the insurance policy that the insured pays in exchange for insurance coverage |
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Term
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Definition
| a statement of the premium that will be charged fir insurance coverage based on specific information provided by the peson requesting the quote including drivers, vehicles, and driving record |
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Term
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Definition
| the date on which an insurance policy becomes effective |
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Term
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Definition
| a written agreement attached to the policy expanding or limiting the benefits otherwise payable under the policy |
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