insurance payment
51ex gratia payment — Payment made by one who recognizes no legal obligation to pay but who makes payment to avoid greater expense as in the case of a settlement by an insurance company to avoid costs of suit. A payment without legal consideration …
52Single Interest Insurance — Insurance policy for lenders or lessors to protect their security interest in stated property (e.g. cars) in the event of customer default. Financing companies sometimes require single interest insurance for subprime borrowers – people with …
53medical insurance — Insurance providing for the payment of medical expenses in the event of sickness or disability. See blue shield; physicians liability insurance …
54credit life insurance — insurance guaranteeing payment of the unpaid portion of a loan if the debtor should die. * * * …
55mutual insurance — insurance in which those insured become members of a company who reciprocally engage, by payment of certain amounts into a common fund, to indemnify one another against loss. * * * …
56mutual insurance — insurance in which those insured become members of a company who reciprocally engage, by payment of certain amounts into a common fund, to indemnify one another against loss …
57Health Insurance Portability and Accountability Act — The Health Insurance Portability and Accountability Act (HIPAA) was enacted by the U.S. Congress in 1996. According to the Centers for Medicare and Medicaid Services (CMS) website, Title I of HIPAA protects health insurance coverage for workers… …
58Health insurance — is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll …
59Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …
60Whole life insurance — Whole Life Insurance, or Whole of Life Assurance (in the Commonwealth), is a life insurance policy that remains in force for the insured s whole life and requires (in most cases) premiums to be paid every year into the policy. Contents 1 History… …
