Dental insurance is meant to cover the expense of dental treatment. Most insurance include preventative care, such an oral checkup, tooth cleanings, …
DEFINITION: Accident insurance is a form of insurance that only pays when the policyholder dies or suffers injuries in an accident. Accident insuranc…
Counseling is typically an essential aspect of a mental health treatment plan, but insurance coverage for mental health treatments isn't the same…
DEFINITION: An A-rated insurance firm is one that credit agencies believe is financially sound. An A-rated insurance company is m…
DEFINITION: Insurable interest is when you (or a group) have an economic stake in another person’s life or the continuation of a legal entity (such a…
DEFINITION: The Patient Protection and Affordable Care Act is a statute that provides substantial health insurance changes meant to assist attain ne…
DEFINITION: An insurance actuary looks at risk for a living. This is done utilizing mathematics, statistics, and financial theory. Important Takeaway…
DEFINITION: An insurance endorsement is a modification or addition to an existing insurance contract that affects the terms or scope of the original …
DEFINITION: The Latin phrase “ex gratia” implies through favor.” When you get an ex gratia payment from your insurer, you’re receiving cash for a los…
DEFINITION: An interpleader is a legal process that helps resolve disputes over ownership of money or property. An interpleader is a legal process th…
DEFINITION: Joint and several liability is a legal scenario in which two or more persons bear obligation jointly and individually. Damages or losses …
Medicaid is a combined federal and state initiative that offers low-cost medical care to qualified people. The objective is to promote the health of …