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Related to Insurance contract: Life Insurance Contract


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]
Farlex Partner Medical Dictionary © Farlex 2012


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.
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.


A contractual arrangement whereby one party agrees to indemnify the other against financial or other specified loss during a stated period in the future.
Medical Dictionary for the Health Professions and Nursing © Farlex 2012


Coverage against financial loss procured by contract from a company that provides such protection.
Medical Dictionary for the Dental Professions © Farlex 2012

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
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References in periodicals archive ?
Having concluded that the district court did not violate our prior mandate, we turn to the issue at the heart of this appeal: whether the RPA is an insurance contract for purposes of Code 38.2-312.
However, this judgment clarifies the position on insurance claims now arising from an insurance contract, service or operation and highlights the risk that, unless such claims have been considered by the Committee formed in accordance with the Amended Insurance Authority Law, insurance cases may be rejected by UAE courts for failure to follow the required procedures.
"...the insurance contracts proposals would nullify the valuation metrics so important to investors.
7 (2) of the ICL sets out that an insurance contract takes effect on the day following the payment of the insurance premium or a part thereof specified by the insurance policy, in the manner, time limit and amount specified by the insurance contract.
GAAP currently contains specific guidance on accounting for insurance contracts (such as life insurance policies) from the insurer's perspective.
Also, a qualified long-term care insurance contract that is approved must be delivered to the policyholder within 30 days of the approval date.
Situation 1--Surrender for cash surrender value: A, an individual, entered into a life insurance contract with cash value.
* Gains recognized by an investor on the receipt of death benefits under a life insurance contract are ordinary income.
Internal Revenue Service officials have proposed a safe harbor for life insurance contracts that mature after the insured attains age 100.
Under IRC [section] 60391, every policyholder owning one or more employer-owned life insurance contracts issued after Aug.
For more than a decade, the International Accounting Standards Board (IASB) has been working to develop standards for the valuation of insurance contract obligations.

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