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Related to Insurance Contracts: insurance policy, Health Insurance Contracts


Coverage against financial loss, such as from illness or injury, procured by contract from a company or agency that provides such protection.
[Fr., fr. enseurer, to make certain, fr. L. securus, safe, free from care]


Vox populi A contractual relationship when one party–an insurance company or underwriter, in consideration of a fixed sum–a premium, agrees to pay on behalf another–an insured, or policyholder for covered losses, up to the limits purchased, caused by designated contingencies listed in the policy. See Adoption insurance, Cancer insurance, Catastrophic health insurance, Co-insurance, Comprehensive major medical insurance, Disability insurance, Group insurance, Hospitalization insurance, Indemnity insurance, Major medical insurance, Medical expense insurance, Medicare supplement insurance, National health insurance, Nationalized health insurance, Noncancellable insurance, Personal insurance, Reinsurance, Self-insurance, Workers compensation insurance.


A contractual arrangement whereby one party agrees to indemnify the other against financial or other specified loss during a stated period in the future.


Coverage against financial loss procured by contract from a company that provides such protection.


n a contract, or policy, whereby, for a stipulated consideration, or premium, one party (the insurer or underwriter) promises to compensate the other (the insured or assured) for loss on a specified subject (insurable interest) by specified perils or risks.
insurance benefits,
n the contractual payout agreed to by the carrier for the policy holder.
insurance carriers, the organizations that for a contractual fee underwrite the payment of losses or costs incurred by the policy holder within the conditions of the policy.
insurance, group,
n the type that covers a group of persons, usually employees of a single employer or members of a union local, under one contract for the benefit of the members of the group.
insurance, guaranteed renewable,
n a policy that is renewable at the option of the insured until a stated time, such as the seventieth birthday of the insured. See also noncancellable insurance.
insurance, health,
n the type that provides financial return when the dental professional is unable to practice because of prolonged illness.
insurance, liability,
n insurance protecting the dental professional from financial loss resulting from liability suits.
insurance, life,
n a protective contract providing for compensation to the beneficiaries of the insured.
insurance, malpractice,
n in dentistry, insurance covering accidents or catastrophes that may occur during the performance of professional duties.
insurance, retirement,
n a life insurance that carries, as an additional benefit, payments to the insured when he or she reaches a specific age.


animals may be insured for loss of production, or for loss of life. Before insured animals are euthanatized or submitted to surgery or a course of medical treatment it is important that the insurer be consulted to ensure that the contract is not breached and that his or her equity in the asset is not put at unnecessary risk.

Patient discussion about insurance

Q. what is public health insurance

A. Public health insurance programs in the U.S. provide the primary source of health expenses coverage for most seniors and for low-income children and families who meet certain eligibility requirements. The primary public programs are Medicare, a federal social insurance program for seniors and certain disabled individuals and Medicaid, funded jointly by the federal government and states but administered at the state level, which covers certain very low income children and their families. In 2006, there were 47 million people in the United States (16% of the population) who were without health insurance for at least part of that year.

Q. I need help getting health insurance is it expensive?

A. I am currently looking for insurance too. Do have you applied for public health insurance?


A. Yes, it'll you cost you money, and not a negligible sum, but that's not necessarily means it'll be expensive - the alternative may eventually be much more expensive. We can never know what will happen tomorrow- if something will happen to you or your family (e.g. car accident, cancer or even relatively simple thing as appendicitis), the cost of the unavoidable medical treatment in this case will be much higher than the insurance premium.

Here ( you can find an official governmental guide to choosing health insurance.

More discussions about insurance
References in periodicals archive ?
The insurer said it has found the nonpayment cases related to the ''three major diseases'' rider clause for its insurance contracts after it looked into a total of 1,800 contracts for which it suspected it might have failed to pay insurance money.
Insurance contracts will continue to be accounted for under previous GAAP methods, but the new standard does attempt to clarify the definition of such contracts, putting particular emphasis on the amount of risk being transferred.
Chapter 7 Efficient Proximate Cause: Causation and Insurance Contracts
Following a substantial trip down memory lane in the opening chapters, Interpretation of Insurance Contracts spells out, in specific detail, the "do's and don'ts" of handling practical disputes that arise in everyday insurance litigation.
The IASB published a discussion paper in May 2007 setting out the main areas of concern and some tentative views of board members as part of its on-going initiative to improve insurance accounting and to introduce a comprehensive accounting standard for insurance contracts.
Implementation / assistance in EU tender for insurance contracts.
While the penalty is in effect, the company is forbidden from renewing auto and fire insurance contracts but such procedures have been completed on most outstanding policies coming up for renewal during the period of the penalty, according to sources close to the matter.
Although this case arose because of facts related to the 1986 statutory transition of Blue Cross Blue Shield (BCBS) organizations from tax free to taxable, the decision has consequences beyond such entities and their insurance contracts.
The potential of this is for a great change in some insurance marketplaces where insurance contracts were very much cookie-cutter items, and competition was based principally on premium costs and, to a degree, the solvency of the company," he said.
For example, different types of property covered in many property and liability insurance contracts are discussed in general terms such as buildings, contents of buildings, money and securities, motor vehicles and trailers, property in transit, ships and their cargo, and boiler and machinery.
These amendments are effective for life insurance contracts issued or materially modified after August 17, 2006.
Terrorism framework of the provision of property insurance and business interruption insurance coverage for insurance contracts, contracting

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