Association Group Insurance

Association Group Insurance

An insurance policy purchased through an organization that buys insurance for members in order to achieve a lower premium per member. In order to avoid adverse selection, associated groups are not formed exclusively to purchase insurance, but rather add it as a benefit of membership.
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A good overview of association group insurance can be found at http://www.
Wayne Stevens, senior vice president of client relations at Association Group Insurance Administrators (AGIA), the third party administrator that brought the deal to Bankers, said, "This is a great marriage of organizations.
Most recently, he was Vice President of Business Development for Association Group Insurance Administrators, Inc (AGIA).
Bhargava brings 17 years of product strategy, planning and development to diCarta from companies including QAD and Association Group Insurance Administrators.
AAI was acquired in 1997 by AGIA, also known Association Group Insurance Administrators.
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