Explore the Keogh Act Plan (HR-10), designed for self-employed individuals to set up retirement plans with tax benefits similar to corporate pensions. Learn about regulations and benefits.
Learn what the Medical Information Bureau is and how it impacts health and life insurance. Discover how insurers use this bureau to access coded health condition information on individuals.
Learn about the physical exam and autopsy clause commonly found in health insurance policies. Understand its implications and what it means for policyholders and their families.
Learn about the policy year, a 12-month period between the policy's anniversary dates in general insurance, crucial for coverage and claim considerations.
Learn about the policyholder in general insurance terms, including definitions and roles. A policyholder, also known as a policy owner or insured, is the person covered by an insurance policy.
Discover how the Prospective Payment System (PPS) operates in health insurance, particularly with Part A Medicare, and how reimbursement is determined based on patient condition at hospital admission.
Learn about the unique position of a Broker Agent who acts as a broker for some insurers and an agent for others. Explore their responsibilities, dual roles, and how they differ from other insurance professionals.
Learn about the subrogation clause in general insurance, which enables insurers to take action against liable third parties to recover losses paid out. Discover its function and implications for both insurers and policyholders.
In the realm of real estate, the term 'Grantor' refers to the individual selling the property. Explore the significance of the grantor in property transactions.
Dive deep into the unpaid premium provision in health insurance, an important clause that permits unpaid premiums to be deducted from claim payments. Learn how this provision can impact policyholders and claims.
Learn about the role of a third party payor in health insurance, such as Medicare or Blue Cross/Blue Shield, and their importance in healthcare coverage.
Learn about triage in health insurance, a critical system used to rank patients based on the severity of their injuries or illnesses, ensuring that those in urgent need receive prompt care.
Learn about unallocated funds in pensions, where plan funds are pooled together for the benefit of all participants. Explore its significance and how it impacts pension plans.
Explore the concept of Underlying (Reinsurance) in the insurance realm. Learn how it represents the total amount of coverage for a risk before additional reinsurance applies.
Learn about Unemployment Compensation Disability Insurance, a health insurance option covering non-workplace accidents and sickness. Does not encompass injuries covered by workers' compensation.
Explore the mandated uniform provisions in health insurance, set forth by the National Association of Insurance Commissioners (NAIC), to understand individual medical policy conditions.
Learn about warranties in insurance applications, their importance, and how inaccuracies can void contracts. Get detailed insights on legal implications.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.