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Definition
| Measure of the likelihood that somethingnwill be lost |
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Term
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| Process of measuring risk and finding ways to minimize or manage loss |
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Definition
| Indivisual who relies on someone else for financial support |
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Definition
| Person who owns an insurance policy |
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Definition
| Amount of moneypaid to an insurance company for a policy on a regular basis |
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Definition
| Amount you will be required to pay before insurance pays for any services |
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Definition
| Health insurance plan that pays fro covered medical services after treatment is provided |
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Definition
| A percentage the policyholdermust pay for certain services |
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Definition
| Person whose care requires a stay in the hospital |
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Definition
| Health care plan that contracts with specific doctors and other health care providers, hospitals, and clinics to provide a range of medical services and preventive care to members of the plan at reduced cost |
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Definition
| Flat fee the policyholder must pay for certain services |
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Definition
| Tax-advantage savings account availible to people enrolled in qualified high deductable health plans |
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Definition
| Service that is not covered in an insurance plan |
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Definition
| An illness or injury a person has before signing up for a health care plan |
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Definition
| Person named by the policyholder to recieve the dealth benefit of an insurance policy |
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Term
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Definition
| Insurance that covers the policyholder for a specific period of time |
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Definition
| Insurance that provides the policyholder with basic lifetime protection so long as premiums are paid |
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Definition
| Insurance that pays the face value of the policy to beneficiaries if the insured dies before the endowment period ends |
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Term
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Definition
| Estimate of the current value of property |
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Term
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Definition
| Decrease in the value of property as a result of age or wear a tear |
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Definition
| Coverage that protects insured persons when they are liable for an auto accident that injured or killed others |
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Term
| PROPERTY DAMAGE LIABILITY |
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Definition
| Coverage that protects insured persons when they are liable for an auto accident where the property of others is damaged |
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Term
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Definition
| Coverage that eliminates the fault finding process in setting claims by having each policyholder make claim after an accident |
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