Glossary of health coverage and medical terms omb control numbers 15452229, 12100147, and 09381146 page 1 of 6 glossary of health coverage and medical terms this glossary defines many commonly used terms, but isnt a full list. When the term doc auto insurance is used, this reference does not indicate. Consumer glossary national association of insurance. The sites may not be used by any person or entity in. Glossary of insurance terms actuary a professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. If you plan to buy an insurance policy, then you must be aware of the common insurance terms used by your agent, aggregator or your insurer. A term interchangeable with insurance but generally used in connection with life cover as assurance implies the certainty of an event and insurance is the. Protects businesses and organizations in event of unexpected loss. A professional trained in the mathematics of insurance and risk management, including the calculations of premiums. The above shall not affect the liability of the provider for fraudulent concealment of a defect in law legal defect andor a defect in the products material defect. Glossary of terms used in the political risk insurance. You may access and use the sites only for lawful purposes and in accordance with the terms.
In many cases, pdf files are created from existing documents instead of from scratch. You agree to defend, indemnify, and hold bankers insurance and its affiliated companies, and ourtheir employees, contractors, officers, and directors, agents, members and partners harmless from all liabilities, claims, and expenses, including attorneys fees, that arise from your use or misuse of this website or your violation of these terms. Below are definitions for some of the more commonly used terms and how. Types of coverage include student accident, sports accident, travel accident, blanket. If an fr44sr22 should expire or be canceled, an insurance. The tendency of those exposed to a higher risk to seek more insurance coverage than those at a lower risk. On march 23, 2010, president obama signed the patient protection and affordable care act ppaca into law. Pdf files are crossplatform files, which means they are able to be read on both mac and windows operating systems, as well as the new android platform found in many of todays cell phones.
File and use rating laws allow the insurer to immediately use. These glossary terms and definitions are intended to be educational and may be different from the terms and definitions in your plan or health insurance. This file is licensed under the creative commons attributionshare alike 3. Insurance held jointly by two or more insurance providers. Glossary of commercial insurance terms commercial insurance is divided into two main categories. Below are some standard terms and definitions used when describing business and personal insurance coverages. However, a claim may be paid if the school employee also has sufficient wages from non. A portion of a covered loss that is not paid by the insurer. Download the short term disability form pdf or long term disability form pdf print out the form and the physicians statement pdf, complete, sign and mail or fax your claim form to. The az for insurance practitioners terms generally associated with reinsurance ab initio a term used to describe avoidance of a contract from its inception or its beginning. In health insurance, the term copayment is also used to define a fixed. Filing for approval of all life and accident and health policy forms, riders, endorsements and applications.
Files uploaded it is strictly prohibited to upload and use illegal materials to be proceeded with by means of the websites services. Insurance pdf types of insurance, scope of insurance. Classification of certain types of insurance as inland marine. Insurance insurance is a contract in which an insurance company promises to compensate an insured. Cigna disability management solutions paper intake team p. Between academic school terms benefits may not be paid to a school employee between school terms based on the wages earned from an educational institution and all school wages will be restricted from use on the claim. Use of terms insurance and insurer 5 or proposes to supply, in the course of carrying on the business. Insurance regulations allowing an insurance company to use new rates prior to receiving state approval. A pdf file is a multiplatform document created by adobe acrobat or another pdf application. We have covered you for all the az insurance words and their meanings. Many of todays ebook publishers use pdf format for publishing. Agent the insurance company representative who sells policies on behalf of the insurer. You can collect personal information for example name, address, number, email, birth date, life plan, height, weight, health issues by using this insurance quote form template. Insurance placed with companies not licensed in alabama.
Socalled free insurance in connection with sales of cemetery lots, automobiles, and other articles and services. The insurance contracts act allows an insurer to avoid a policy ab initio in situations where an insured fraudulently non. It is therefore, necessary that the terms and conditions of the. Doctor of osteopathic medicine, nurse practitioner, clinical nurse specialist or physician assistant, as allowed under state law, who provides, coordinates or helps a patient access a range of health care services.
Indemnity basis or reinstatement basis see definitions in glossary. Life insurance glosspinion an opinionated glossary of life insurance terms with pictorials and a focus on terms relating to demutualization. However, a claim may be paid if the school employee also. Reinsurance terms basic collection of terms used in the reinsurance industry. Insurance glossary understanding common insurance terms.
A fire insurance is a contract to indemnity the insured for distribution. The pdf format is commonly used for saving documents and publications in a standard format that can be viewed on multiple platforms. A charge or fee that a person must pay each year to the manager of an insurance policy, investment or pension fund, based on the value of a persons fund. Health care services that help a person keep, learn or. Simply having the basic understanding of insurance definitions can make the difference between having a plan that will cover you for the majority of your medical expenses and one that. Property insurance provides coverage for property that is stolen, damaged, or destroyed by a covered peril.
Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. The insurer is required to renew the policy regardless of the health of the insured subject to policy conditions. Dhs department of health care services for california. Print and pdf formats, and quantity discounts are available for most. Use this life insurance quote sheet template for your life insurance program and get a quote quickly from your clients. Both forms are official documents showing proof of financial responsibility, but use different titles based on your state of residence. Commercial insurance includes is property insurance, liability insurance, workers compensation and automobile insurance.
Definitions of political risk terms vary among political risk providers. Gatekeeper under some health insurance arrangements, a gatekeeper is responsible for the administration of the patients treatment. An entity or person, other than the one in whose name coverage is written, protected against loss by an insurance policy or. To help you better understand health insurance, heres a list of the most commonly used health care terms and definitions. The 340b drug pricing program enables eligible health care organizations known as covered entities to purchase drugs from manufacturers at reduced prices. According to mary beth senkewicz, a former senior executive at the national association of insurance commissioners naic, the bottom line is that insurance companies. The a to z guide to legal phrases plain english campaign.
A complaint that you communicate to your health insurer or plan. Glossary of commonly used healthcare terms 340b program. However, they still have substantial regulatory requirements placed upon them. Pdf files are also used by businesses and individuals to distribute documents and literature. A comprehensive law passed in 2010, aimed at reforming americas health care system. An insurance policy that a person must renew every year, such as health or car insurance. A commercial auto policy provides coverage for vehicles that are used primar ily in connection. You may do so in any reasonable manner, but not in. When reading the definitions, please keep in mind that this glossary is. Insuredthe term insured refers to the person who has taken insurance against various risks and who pays a premium. Glossary of health insurance terms blue cross and blue. When unlocking pdf files, we bare no responsibilities for your actions and you must have the permission to remove the password from a file or you must be the legal owner of the file. Health care services that your health insurance or plan doesnt pay for or cover. Buyer may require cover in respect of increased value arising out of charges payable at destination or rising market prices.
Glossary of commonly used healthcare acronyms and terms. A contract of marine insurance is an agreement whereby. These types of tools can take things like images, ebooks, and microsoft word documents, and export them as pdf, which enables them to be opened in a pdf or ebook reader. Insurance is an agreement where, for a stipulated payment called the premium, one party the insurer agrees to pay to the other the policyholder or his designated beneficiary a defined amount the claim payment or benefit upon the occurrence of a specific loss. Agent a person or a group of people selling insurance on behalf of an insurance company. Insurance insurance pdf free download 2fire insurance. Glossary of insurance and medical billing terms d deductible the amount an insured member must pay before the insurance company begins covering health care costs. Insureris the company which accepts risks after receiving premiums and pays claims. Insurance policy modifications to meet the special needs of an individual risk. Convertible term insurance policy an insurance policy that can be converted into permanent insurance without a medical assessment. An independent agent represents more than one company. Insurance information institute 110 william street new york, ny 10038 tel. The state may require you to file an fr44sr22 to verify that you maintain auto liability coverage. Pdf this chapter examines the characteristics of insurance contracts.
Upload files that contain viruses, trojan horses, worms, time bombs, cancelbots. Use of the sites we grant you a nontransferable, nonexclusive, limited license to access and use the sites. Glossary of terms used in the political risk insurance industry note. An insurance policy that a person must renew every year, such as health or car insurance annual management charge a charge or fee that a person must pay each year to the manager of an insurance policy, investment or pension fund, based on the value of a persons fund annual service a check made once a year on a piece of equipment to make sure. Many lawyers are now adopting a plain english style. Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies. Seller responsible for insurance from his works or warehouse until delivered to buyers warehouse or other final destination stipulated by the buyer. Insurance handbook insurance information institute. The term property insurance includes many lines of available insurance. This page provides a glossary of insurance terms and definitions that are. For more information on each providers definition of terms, consult the providers website. When making decisions about health coverage, consumers should know the specific meanings of terms used to discuss health insurance. Social insurance has been developed to provide economic.
This knowhow of insurance jargon would help you understand your policy documents better and hence may result with you. In health insurance, the term copayment is also used to defin e a fixed monetary deduct ible applying to each occurence in addition to the annual deductible. But there are still legal phrases that baffle nonlawyers. Typically, benefits or cash must be used within the given benefit year or the employee loses the money. Health insurance is full of terms you may not know. Important insurance terms finding an affordable student health insurance plan can be difficult, especially if there are insurance terms you dont understand. The use of documents created in the context of document processing e.
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