Furthermore, unlike other types of insurance agreements, health insurance policies are contracts of recurring use. That is, health insurance policies are routinely and repeatedly invoked by consumers to finance their health care. Yet, such contracts are written at a level that is beyond the reading...
Furthermore, unlike other types of insurance agreements, health insurance policies are contracts of recurring use. That is, health insurance policies are routinely and repeatedly invoked by consumers to finance their health care. Yet, such contracts are written at a level that is beyond the reading...
金融专业英语-Insurance-财务保险-To Understand Insurance-了解保险 金融专业Part FOUR Insurance 英语
most life insurance policies – The named insured is the person or persons named in the declarations section of the policy – A policy may cover other parties even though they are not specifically named • e.g., the homeowners policy covers resident relatives under age 24 who are full-time...
This reduces the regulatory burden for insurers as these forms must be approved by states and also allows consumers to more readily compare policies, albeit at the expense of consumer choice. In addition, as these forms are reviewed by courts the interpretations become predictable.;;10.4.1 ...
And one of the reasons for that is most insurance policies are defined by courts as contracts of adhesion, meaning you get what you get. The insurance company decided what you were going to get, and you didn't really have a choice in the matter other than buy it or don't buy it. ...
This is a comprehensive glossary of insurance terms. As new coverages, policies and terms develop, or even if we update a term's definition, the glossary will be updated. If you are looking for a term that is not here, let us know and we will be sure to add it. Just send it in...
Chapter 1 The Life and Health Insurance Industry Role of Government in Insurance The United States has a federal system of government in which the federal government and a number of lower level governments, known as state governments, share governmental powers. ?According to the U.S. Constitution...
It is also the principle of insurable interest that allows married couples to take out insurance policies on each other's lives, on the principle that one may suffer financially if the spouse dies. Insurable interest also exists in some business arrangements, as seen between acreditoranddebtor, ...
compensation injured partiesadhesionInsurance policies commonly are understood to be a species of standardized contracts. This Article challenges that conventional wisdom and argues that insuranceFrench, Christopher CSocial Science Electronic Publishing