Home > Industry/Domain > Insurance
Insurance
Insurance is a promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss. Some forms of insurance are required by law, while others are optional. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. In exchange for payments from the insured (called premiums), the insurer agrees to pay the policy holder a sum of money upon the occurrence of a specific event. In most cases, the policy holder pays part of the loss (called the deductible), and the insurer pays the rest. Examples include car insurance, health insurance, disability insurance, life insurance, and business insurance.
0Categories 32802Terms
Add a new termContributors in Insurance
Insurance > 
overdue
Library & information science; Library
Material which is not returned to the library by its due date is considered overdue.
elder brother
Religion; Mormonism
A name or title of Jesus Christ, the firstborn of all Heavenly Father's spirit children.
auxiliary board
Religion; Mormonism
A small group of Church members called to help leaders of Church auxiliary organizations, such as Relief Society or Sunday School, at both the stake and the general Church ...
Barrel chair
Home furnishings; Living room furniture
Chairs with half circle back usually upholstered in vertical ribs which were originally made from half wine barrels.
atypical neuroleptics
Psychiatry;
They're also known as antipsychotics of second generation, being a group of tranquilizers that are used to treat psychal diseases.
schizophrenia
Psychiatry;
Schizophrenia is a mental desorder charactrized by desorder in the proces of thinking and emotional responsiveness
