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Definition
| A measure of the likelihood that something will be lost |
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Term
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Definition
| The process of measuring risk and finding ways to minimize or manage loss |
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Term
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Definition
| An indiviual who relies on someone else for financial support, such as a child, spouse, or and elderly parent |
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Term
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Definition
| A person who owns an insurance policy |
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Term
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Definition
| Amount of money paid to an insurance company for a policy on a regular basis |
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Definition
| the amount you must pay before insurance being to pay |
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Term
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Definition
| A plan health insurance plan that pays for covered medical services after treatment is provided |
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Definition
| A percentage of the service cost cost that patients pay |
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Definition
| A person whose care requires a stay in hospital |
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Definition
| A health care plan that contracts with specific doctors and other health care providers. |
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Definition
| A flat fee that patient must pay for medical service |
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Term
| Health savings account (HSA) |
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Definition
| A tax-advantage savings account available to people enrolled in qualifed High Deductible Health Plans (HDHPs) |
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Term
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Definition
| Refers to medical service that are not covered |
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Term
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Definition
| An illness or and injury you had before signing up for health car insurance |
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Definition
| A person or organization named by the policyholder to recieve assets after the policyholder's death |
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Term
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Definition
| Provides protection only for a specific period of time |
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Term
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Definition
| Provides basic lifetime protection so long as permiums are paid |
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Term
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Definition
| Pays the face value of the policy to beneficiaries if the insured dies before the endownment period ends |
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Term
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Definition
| Is an estimate of the current value of property |
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Term
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Definition
| A decrease in the value of property as a result of age or wear and tear |
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Term
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Definition
| Coverage that protects you when you are resposible for an atuo accident that results in the injury or death or other parties |
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Term
| Property damage liability |
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Definition
| protects you whrn you are responsible for an auto accident in which the property of other is damage |
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Term
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Definition
| Elimates the faultfinding process in settling claims |
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