(noun) when you pay premiums in exchange for a. A fixed amount (for example, $15) you pay for covered Definition of insurance noun in oxford advanced learner's dictionary. Insurance is an arrangement in which you pay money to a company , and they pay money to. | meaning, pronunciation, translations and examples
The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.
Find out what the definition of insurance actually is and every other term with this database designed and created to properly inform consumers. How to use risk in a sentence. If you build a house in a forest, the risk of fire is higher than normal. In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance. 1 a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. Insurance companies protect themselves by purchasing reinsurance contracts. Insurance is an arrangement in which you pay money to a company , and they pay money to. An agreement in which you pay a company money and they pay your costs if you have an accident…. Insurance is a means of protection from financial loss. Insurance against theft or damage. For example, if one purchases health insurance, the provider will pay for (some of) the client's medical bills, if any. Insurance definition in english dictionary, insurance meaning, synonyms, see also 'insurance policy',accident insurance',fire insurance',group insurance'. Contracts of insurance are uberrimae fidei, requiring.
That's why we created this insurance dictionary highlighting the terms you need to know, in plain english ️. How to use insurance in a sentence. From longman dictionary of contemporary english related topics: Definition of insurance in english: Definition of insurance noun in oxford advanced american dictionary.
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In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance.
Contracts of insurance are uberrimae fidei, requiring. An insurance policy (british english) to have adequate insurance cover (north american english) to have adequate insurance coverage (british english). 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). The instrument containing the terms of the contract is known as a policy. Find out what the definition of insurance actually is and every other term with this database designed and created to properly inform consumers. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Insurance definition, the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. A program offered by a health insurance company to manage the costs of policyholders' chronic health conditions. The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. Disease management programs can help control health. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care). Insurance is an arrangement in which you pay money to a company , and they pay money to.
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. From longman dictionary of contemporary english related topics: Insurance companies protect themselves by purchasing reinsurance contracts. A program offered by a health insurance company to manage the costs of policyholders' chronic health conditions. A fixed amount (for example, $15) you pay for covered
The instrument containing the terms of the contract is known as a policy.
Contracts of insurance are uberrimae fidei, requiring. 1 an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. Insurance companies protect themselves by purchasing reinsurance contracts. Definition of insurance noun in oxford advanced learner's dictionary. A fixed amount (for example, $15) you pay for covered People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care). Disease management programs can help control health. The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment, repair, or remediation. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references. | meaning, pronunciation, translations and examples Find out what the definition of insurance actually is and every other term with this database designed and created to properly inform consumers. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business.
Insurance Definition English : Captive Insurance Definition - Assignment Point - From longman dictionary of contemporary english related topics:. Insurance companies protect themselves by purchasing reinsurance contracts. An agreement in which you pay a company money and they pay your costs if you have an accident…. Insurance is a term in law and economics. The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. An insurance policy (british english) to have adequate insurance cover (north american english) to have adequate insurance coverage (british english).