Insurance

Front 1

Accident Death & Dismemberment

Back 1

An insurance policy which pays a specified amount or a specified multiple of the insurer's benefit if the insured dies, loses sight, or lose of 2 limbs.

Front 2

Activities of Daily Living

Back 2

Moving about, getting dressed, eating, bathing, etc.

Front 3

Actual Charge

Back 3

The amount a physician or supplier actually bills for a particular service or supply.

Front 4

Adhesion

Back 4

A contract offered on a "take it or leave it" basis by insurer, in which the insurer's only option is to accept or reject the contract.

Front 5

Admitted (Authorized) Insurer

Back 5

An insurance company authorized / licensed to transact insurance in a particular state.

Front 6

Adverse Selection

Back 6

The tendency of risks with higher probability of loss to purchase and maintain insurance more often than risks who present lower probability.

Front 7

Aleatory

Back 7

A contract which participating parties exchange unequal amounts. The amount the insured will pay in premiums is unequal to the amount the insurer will pay in the event of a loss.

Front 8

Alien Insurer

Back 8

Incorporated outside the US

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Ancillary

Back 9

Additional services provided by a hospital, x-rays, anesthesia, lab work not hospital room and board

Front 10

Apparent Authority

Back 10

The assumption of authority based on actions, words, deeds of the principal.

Front 11

Approved Amount

Back 11

The amount Medicare determines to be reasonable for a service that is covered under Part B .

Front 12

Assignment

Back 12

A claim to either a provider or medical supplier to recieve payments directly from medicare.

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Avoidance

Back 13

A method of dealing with risk.

Ex) don't ride in a plane if you don't want to be killed in a plane crash.

Front 14

Basic Hospital Expense Insurance

Back 14

Provides coverage benefits for room, board and miscellaneous hospital expenses for a certain number of days during a hospital stay.

Front 15

Basic Medical Expenses Insurance

Back 15

Coverage for doctor visits, x-rays, lab tests, ER visits - limited to specified dollar amounts

Front 16

Blanket Medical Insurance

Back 16

Policy provides benefits for ALL medical costs, doctor visits, hospitalization, drugs

Front 17

Boycott

Back 17

Unfair trade practice in which one person refuses to do business with another until they both agree to certain conditions.

Front 18

Buyer's Guide

Back 18

Insurance policies and concepts, provides general information to help applicant make an informed decision.

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Capital Amount

Back 19

A percentage of the principal amount of a policy paid to the insured if they suffer the loss of an appendage.