Learn about cost sharing in health insurance, a system wherein individuals pay a fraction of health care costs, such as co-payments, and how it impacts coverage.
Learn about 'Damages' in legal terminology, which refers to the total monetary amount needed to compensate for a loss. Find out its significance in the context of insurance, compensation, and legal claims.
Explore the concept of Difference in Conditions (DIC) Property Insurance, a separate contract that enhances or complements existing property insurance to provide protection against all risks, excluding specific exclusions.
Learn about direct writers in the insurance industry, who sell their products through direct selling or exclusive agency systems. Find out how they operate in the liability/property insurance sector.
Explore the essentials of disability benefits law, a legislation ensuring workers receive compensation for injuries outside the workplace. Enacted in states like California, New York, Hawaii, and Rhode Island.
Learn how Dun & Bradstreet, Inc. supports insurers with financial information for underwriting processes. Get insights into their role in the insurance industry.
Explore what duplication of benefits means in health insurance, where similar or indistinguishable coverage exists between two or more insurers, and how it impacts policyholders.
Explore the essentials of dwelling forms in property insurance, detailing how these forms provide coverage for residential buildings and personal belongings.
Learn about 'Eligible Dependent' in health insurance, a person who relies on the policyholder for financial support and is eligible for benefits. Explore the criteria and implications.
Learn what embezzlement means in legal terms. Find out how the illegal use of funds or property entrusted to someone's care is defined and what legal implications it carries.
Explore the process of signing people up for health insurance plans and understand the significance of enrollment numbers in healthcare coverage. Get insights into health insurance enrollment.
Learn about estate wills, a legal document that dictates how an individual's assets should be distributed upon their death. Discover the importance of creating a will, its court enforceability, and how it protects your beneficiaries.
Learn about the expense ratio in general insurance, which represents the portion of the premium dedicated to paying the insurer’s expenses, excluding losses.
Dive into the concept of experienced mortality in life insurance, which examines the actual mortality rates of a specific group compared to expected mortality. Learn how it impacts life insurance policies and premium calculations.
Learn about experimental procedures in health insurance, including definitions, considerations, and how they impact your coverage and medical decisions.
Learn about what an Explanation of Benefits (EOB) is, how it itemizes health services, the incurred costs, the payments made by your insurer, and your responsibilities.
Learn about the Fee for Service (FFS) reimbursement model in health insurance, where health care professionals are paid based on individual services provided.
Learn about the concept of General Average, a crucial term in marine insurance, which involves a partial loss incurred to prevent complete damage to a maritime venture.
Learn about the role of health history in health insurance underwriting, including its importance in determining risk acceptance for healthcare policies.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.