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Indemnity insurance

   Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.

Indemnity insurance. An indemnity insurance policy pays up to a fixed amount when you make a claim, often on a per-day basis.

The premiums on health insurance indemnity plans may be lower than on other heathcare plans, but the fixed payments may cover only a portion of your medical bills.

Some people use indemnity plans as supplements to, rather than substitutes for, more comprehensive health insurance. Others use low-cost indemnity plans for short-term coverage.



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This follows a decision of the board of directors last August in an attempt to minimise NZNO's exposure to the risk of potential indemnity insurance claims.
Ms Iliffe also urged the health minister to consider providing indemnity insurance for midwives providing home birth services.
Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.
 
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