insurance

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Related to insurance benefits: Health Insurance Benefits

Insurance

Guarding against property loss or damage by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.

Insurance

A contract between a client and a provider whereby the client makes monthly payments, called premiums, in exchange for the promise that the provider will pay for certain expenses. For example, if one purchases health insurance, the provider will pay for (some of) the client's medical bills, if any. Likewise in life insurance, the provider will give the client's family a certain amount of money when the client dies. The insurance company spreads the risk of any one expense by pooling the premiums from many clients. See also: Takaful.

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft of, personal and business assets (general insurance), and death and injury (life and accident insurance). Insurance may be obtained directly from an INSURANCE COMPANY or through an intermediary such as an INSURANCE BROKER/AGENT. In return for an insurance premium the person or firm obtains insurance cover against financial risks. See ASSURANCE, COST, INSURANCE AND FREIGHT.

insurance

a method of protecting a person or firm against financial loss resulting from damage to, or theft of, personal and business assets (general insurance), and death and injury (life and accident insurance). Insurance may be obtained directly from an INSURANCE COMPANY or through an intermediary such as an INSURANCE BROKER/AGENT. In return for an insurance premium, the person or firm obtains insurance cover against financial risks. The term assurance is frequency used interchangeably with that of insurance to describe certain kinds of life insurance. See RISK AND UNCERTAINTY.

insurance

A commercial contract agreeing to compensate one for loss in the event of specifically named or described risks.

References in periodicals archive ?
Since 2000, the Government of Canada has routinely issued an annual Pension and Insurance Benefits Statement to all active public service pension plan members, with the exception of 2012.
Commenting on the AGC Alternative, Jim Blaney, CEO, Willis Human Capital Practice, said, "As organizations face rising health care costs and increasing regulatory demands, this unique, customized approach is an effective tool for firms looking for a new way to deliver market leading health and other insurance benefits to their employees.
School districts are not required to provide health insurance benefits to their retirees if they don't already do so.
Last month, the FSA said it will punish 10 property and casualty insurers for failing to pay insurance benefits.
The House pension bill not only clarifies that the LTC portion of a contract may be tax-qualified, but it goes further in that it generally treats the entirety of LTC insurance benefits, including amounts coming from annuity cash value, as a tax-free A&H insurance benefit.
A reserve for post-retirement medical and life insurance benefits is funded over the remaining working lives of the employees covered by these benefits.
are among several high-profile companies that provide insurance benefits for gay couples.
Private employers are by far the largest purchasers of health insurance benefits, but they generally have not been interested in providing a long-term care insurance benefit, in part because it has not proven to have offered them a major advantage in retaining workers, and in part because of a trend toward squeezing existing benefits.
The benefits in the new family leave expansion regulation would be available for the maximum of 12 weeks, and provide unemployment insurance benefits averaging $200/week.
Tax Court held that contributions made by an employer to its voluntary employees beneficiary association (VEBA) for post-retirement medical and life insurance benefits were not deductible because the amounts contributed were spent the following year on benefits for active employees and did not constitute a "reserve" for retiree benefits.
However, given the price tags associated with today's medical and insurance benefits, the time is well spent.
Seventy percent of State and local government employees do not have life insurance benefits reduced due to age.

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