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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.


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 ?
ii) If the bank refers a consumer to a seller of insurance products or annuities and the bank has a contractual arrangement to receive commissions or fees derived from the sale of an insurance product or annuity resulting from that referral; or
A senior official at one of the four banking groups said, ''We want to make our over-the-counter sales of insurance products a success so we can one day become an integrated financial services group'' with banking, insurance and brokerage units.
The proposed rule applies to any depository institution or any person selling, soliciting, advertising, or offering insurance products or annuities to a consumer at an office of the institution or on behalf of the institution.
In fact, insurance patents are creating a new wave of start-up companies that Nowotarski describes its "insurance development labs," which are inventing and patenting new types of insurance products in response to changing market needs.
Some insurers are concerned that banks may take advantage of their loans to pressure borrowers into buying insurance products.
For all insurance products or services, an advertiser must identify the underwriting company and the location of its home or administrative office.
It is essential to protect the interests of the public who may not have any insurance knowledge but purchase insurance products over the Internet without adequate advice," said Commissioner of Insurance Benjamin Tang.
State insurance regulators are trying to find ways to reduce the time it takes to approve new insurance products to meet consumer demand.
To date, consumers still are more likely to buy insurance products from financial institutions than from technology companies; but that will change as sites such as America Online and Yahoo increase customer satisfaction, confidence and trust.

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