Insurance Company Definition : Bancassurance Factor For The Development Of Life Insurance : Contracts of insurance are uberrimae fidei, requiring.. An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter.a person or entity who buys insurance is known as an insured or as a policyholder. Insurance company synonyms, insurance company pronunciation, insurance company translation, english dictionary definition of insurance company. A company that sells insurance | meaning, pronunciation, translations and examples Insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property). English language learners definition of insurance :
Having business insurance can help keep you covered from risks like accidents, theft, property damage, professional errors and lawsuits. Business insurance definition business insurance, also known as commercial insurance, helps protect businesses owners like you from financial losses. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. The insurance company would pay for all covered services for the rest of your plan year. Insurance is a means of protection from financial loss.
English language learners definition of insurance : But no one who is merely a mutual insurance company's policyholder exercises control of the company. Contracts of insurance are uberrimae fidei, requiring. Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. Purchasing cooperative insurance allows policyholders to pool together with others who have similar risks to purchase more extensive coverage. Princeton's wordnet (0.00 / 0 votes) rate this definition: Insurance company is a financial institution that offers insurance policies. A company that sells insurance | meaning, pronunciation, translations and examples
An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
Business insurance definition business insurance, also known as commercial insurance, helps protect businesses owners like you from financial losses. The policyholders' interests are prioritized in a stock insurance company however. English language learners definition of insurance : 'the company has indicated that the proposals governing health insurance will protect them against rising costs.' 'at least we have crop insurance which is good protection against decisions that turn out bad.' 'if they fall within the legal definition of insurance, protection may be offered to consumers in two ways.' Purchasing cooperative insurance allows policyholders to pool together with others who have similar risks to purchase more extensive coverage. Or any receiver or similar official or any liquidating agent for such company, in his capacity as such. An insurance company owned by its policyholders is a mutual insurance company. 'the insurance company will only pay out a percentage of the replacement cost' In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. The instrument containing the terms of the contract is known as a policy. Princeton's wordnet (0.00 / 0 votes) rate this definition: If you were to go by the dictionary definition, life insurance is a financial product that pays you or your dependants a sum of money either after a set period or upon your death as the case may be. Insuranceopedia explains stock insurance company stock insurance companies are an alternative to mutual insurance companies.
Insurance company synonyms, insurance company pronunciation, insurance company translation, english dictionary definition of insurance company. 'the company has indicated that the proposals governing health insurance will protect them against rising costs.' 'at least we have crop insurance which is good protection against decisions that turn out bad.' 'if they fall within the legal definition of insurance, protection may be offered to consumers in two ways.' Insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property). An insurance company owned by its policyholders is a mutual insurance company. With the latter, it is the policyholders, and not the share or stockholders, who own the business.
The term refers to the fact that the company carries (or assumes) certain risks for the policyholder. These are a liability to the company and not included in written premium or the unearned premium reserve. The insurance company would pay for all covered services for the rest of your plan year. Generally speaking, plans with low monthly premiums have higher coinsurance, and plans with higher monthly premiums have lower coinsurance. A mutual insurance company provides insurance coverage to its members and policyholders at or near cost. Specified insurance company means any entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a cash value insurance contract or an annuity contract. Insurance is a means of protection from financial loss. If you were to go by the dictionary definition, life insurance is a financial product that pays you or your dependants a sum of money either after a set period or upon your death as the case may be.
Here are all the possible meanings and translations of the word insurance company.
The instrument containing the terms of the contract is known as a policy. Insurance is a means of protection from financial loss. A company that sells insurance | meaning, pronunciation, translations and examples Contracts of insurance are uberrimae fidei, requiring. For example, many employee associations and trade unions offer cooperative insurance policies. Insurance company synonyms, insurance company pronunciation, insurance company translation, english dictionary definition of insurance company. Specified insurance company means any entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a cash value insurance contract or an annuity contract. The term refers to the fact that the company carries (or assumes) certain risks for the policyholder. An insurance company owned by its policyholders is a mutual insurance company. Or any receiver or similar official or any liquidating agent for such company, in his capacity as such. The insurance company would pay for all covered services for the rest of your plan year. Insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property). Health insurance company synonyms, health insurance company pronunciation, health insurance company translation, english dictionary definition of health insurance company.
It can specialize in a certain type of insurance, for example life insurance, health insurance, auto insurance, or deal with multiple types of insurance. But no one who is merely a mutual insurance company's policyholder exercises control of the company. These are a liability to the company and not included in written premium or the unearned premium reserve. The policyholders' interests are prioritized in a stock insurance company however. The instrument containing the terms of the contract is known as a policy.
Some companies specialize in one or other of these areas, but others (referred to as 'composites') operate in both sectors. The policyholders' interests are prioritized in a stock insurance company however. Auto insurance provides coverage for: A mutual insurance company provides insurance coverage to its members and policyholders at or near cost. Insurance company synonyms, insurance company pronunciation, insurance company translation, english dictionary definition of insurance company. Specified insurance company means any entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a cash value insurance contract or an annuity contract. Insurance against expenses incurred through illness of the insured. Insurance a contract under which one party (the insurer), in consideration of receipt of a premium, undertakes to pay money to another person (the assured) on the happening of a specified event (as, for example, on death or accident or loss or damage to property).
Insuranceopedia explains stock insurance company stock insurance companies are an alternative to mutual insurance companies.
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. A mutual insurance company is technically owned and controlled by its policyholders. Princeton's wordnet (0.00 / 0 votes) rate this definition: 'the company has indicated that the proposals governing health insurance will protect them against rising costs.' 'at least we have crop insurance which is good protection against decisions that turn out bad.' 'if they fall within the legal definition of insurance, protection may be offered to consumers in two ways.' Insurance against expenses incurred through illness of the insured. Insurance company, insurance firm, insurer, insurance underwriter, underwriter (noun) a financial institution that sells insurance It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. The policyholders' interests are prioritized in a stock insurance company however. Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. A company whose business is providing and selling insurance: For example, many employee associations and trade unions offer cooperative insurance policies. Insurance company that actually underwrites and issues the insurance policy. Insurance company a financial institution which underwrites the risk of loss of, or damage to, personal and business assets (general insurance) and life and limb (life and accident insurance).