Let's demystify insurance terminology. Our guide to insurance terms and definitions starts with basic insurance terms such as the five ratng classes: Preferred Plus, Preferred, Standard Plus, Standard, and Sub-standard. Then we'll expand your life insurance vocabulary, defining everything from Acce...
It is intended to serve as a reference source for individuals making personal and business insurance decisions, as well as for practitioners who require succinct, technically accurate answers to insurance and risk management terminology questions. Annotation c. Book News, Inc., Portland, OR (book...
Policy terms and definitions:You may see a separate section in your life insurance contract that breaks down terms and definitions, including death benefit, premium, beneficiary, and insurance age. Your insurance age may be your actual age or the nearest age assigned to you by the life insurance...
Insurance Claims TerminologyThe following definitions are useful in understanding Siebel Claims: Appraisal. A survey to determine a property's insurable value, or the amount of a loss. Arbitration. The procedure in which an insurance company and the insured or a vendor agree to settle a claims ...
Regarding computer terminology, a fire wall is hardware or software designed to prevent unauthorized access to data from outside users.First diagnosis (or occurrence) policy –A policy that pays a lump on the first diagnosis of a specific disease, such as cancer, heart attack, or Alzheimer's....
Depending on your type of coverage and provider, some per flight plans may start at $5-10/hour, whereas monthly policies can begin from $40-50/month. Understanding insurance terminology Insurance is not just an essential part of protecting your business, but can also be a tool to provide co...
by-side, or useeHealthInsuranceGlossary.comwebsite for complete health insurance glossary terms and definitions and to be more informed about health insurance terminology. You may also view and printhealth insurance plans' brochures, access and download onlinehealth insurance plans' applications and ...
Life insurance basics: Terminology, coverage needs and cost Life insurance policies can differ widely. There’s life insurance for families, high-risk buyers, couples and many other groups. Even with all those differences, most policies have some common characteristics. Here are some life insurance...
A separate study found thatas many as 77 percent of Americans were confused by basic heatlh insurance terminology, demonstrating the need for a stronger push toward widespread healthcare literacy. The timing of National Health Literacy Month conveniently coincides withthe beginning of...
(1) An insurance company which “carries” the insurance. (The terms “insurance company” or “insurer” are preferred because of the possible confusion of “carrier” with transportation terminology). (2) In transportation, the trucker, air carrier, ocean steamship company or other entity which...