Insurance vocab

1. When services usually in healthcare, are paid by both the individual and the insurance company mostly doctors visits and prescription drugs.
2. A temporary or preliminary agreement that provides coverage until a policy can be written or delivered.
6. The estimate of the cost of insurance, based on information supplied to the insurance company by the applicant.
9. The written contract of insurance
10. A licensed person/organization authorized to sell insurance on behalf of the insurance company.
12. A provider who has a contract with your health ensure or plan who has agreed to provide services to members of a plan. You’ll pay less if you see a provider in the network.
14. The maximum amount and insurance company charges for insurance coverage.
15. A policy that will pay a specified sum to beneficiaries upon the death of the insured.
16. The amount of money and insurance company charges for insurance coverage.
19. The date on which the policy ends.
20. Certain causes and conditions, listed in the policy, which are not covered.

1. Notice to an insurer that under the terms of a policy, a loss may be covered.
3. Amendment to the policy used to add or delete coverage also referred to as a “rider.”
4. The insurance company
5. Maximum amount of policy will pay either overall or under a particular coverage.
7. A licensed person/organization paid by you to look for insurance on your behalf.
8. The termination Of insurance coverage during the policy period. Flat cancellation is the cancellation of a policy as of its effective date without any premium charges.
11. A decrease in value due to age, wear, and tear, etc.
13. The policyholder - The person(s) protected in case of a loss or claim.
17. Usually known as an endorsement, a rider is the amendment to the policy used to add or delete coverage.
18. The company refuses to accept the request for insurance coverage.