What's the difference between indemnity and insurance?

Indemnity


Definition:

  • (n.) Security; insurance; exemption from loss or damage, past or to come; immunity from penalty, or the punishment of past offenses; amnesty.
  • (n.) Indemnification, compensation, or remuneration for loss, damage, or injury sustained.

Example Sentences:

  • (1) The data for the study consisted of weekly indemnity insurance claim forms.
  • (2) The comic book adaptation is perfect territory for anyone who has ever enjoyed Double Indemnity or Chinatown , but … you know, really wondered why they couldn't have had a few more explosions and a little more cleavage.
  • (3) And, as was the case with almost every other director in Less Than Meets The Eye, Wilder did knock out a few classics; to my count, four: Double Indemnity, Sunset Boulevard, Some Like It Hot and the just re-released The Apartment .
  • (4) The Intermediary Mortgage Lenders Association (IMLA), which represents firms that market their products through brokers and advisers, said 65% of its members believed competition would fall unless a permanent indemnity scheme was brought in to replace Help-to-Buy 2.
  • (5) It is no longer possible for clinicians in the UK to act independently in the management of such cases without risking censure or loss of indemnity from the employing health authority.
  • (6) The indemnity is paid once, as a capital sum, on an abstract and egalitarian basis, irrespective of the patient's age, sex, occupation, or income.
  • (7) A total of $11,800,156 in indemnity and expenses was spent for these 262 claims.
  • (8) The total cost of this system including accident indemnities is covered by the employer.
  • (9) The Intermediary Mortgage Lenders Association (IMLA), which represents firms that market their products through brokers and advisers, said 65% of its members believed competition would fall unless a permanent indemnity scheme was brought in to replace help-to-buy 2.
  • (10) Raymond Chandler (Double Indemnity, 1943) Raymond Chandler Almost the only recording of Raymond Chandler in the archives is a 1958 conversation with Ian Fleming.
  • (11) These services will include professional indemnity and public liability insurance, a magazine and peer-reviewed journal and, controversially, representation by public services union Unison.
  • (12) The results showed an elevated rate of anti-e antibodies in the asymptomatic donors, and this could be correlated with clinical and biochemical indemnity of the liver function.
  • (13) A statistically significant association between occupational injuries and past non-occupational injuries was seen when all workers compensation (WC) claims were analyzed (OR = 1.41) and when claims involving indemnity for lost time were analyzed (OR = 1.82).
  • (14) The most vulnerable members are most at risk...their average indemnities are €15 [£10.50] a day.
  • (15) While indemnity plans, health maintenance organizations (HMOs), and preferred-provider organizations (PPOs) remain as the three basic types of plans, insurers are combining these elements in different ways, creating dual- and triple-option plans that consist of indemnity insurance and an HMO, a PPO and an HMO, or other variations.
  • (16) Confirmation of the indemnity was made at the start of this month, when the Department for Energy and Climate Change (DECC) slipped out a departmental minute relating to the Magnox reactors.
  • (17) People wishing to hire the venue have to take out £2m indemnity insurance before they are allowed in, although the museum admits that even this would be inadequate if the marbles were damaged.
  • (18) We know that people will have questions about their membership, including, for example, the status of their professional indemnity insurance.
  • (19) We conclude that in Connecticut neither health maintenance organizations nor traditional indemnity insurers currently offer comprehensive systems of care to these children.
  • (20) In diseases due to occupational intoxication, we face an individual disposition regarding the degree of clinical symptoms, which has to underly any expert opinion on indemnity.

Insurance


Definition:

  • (n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.
  • (n.) The premium paid for insuring property or life.
  • (n.) The sum for which life or property is insured.
  • (n.) A guaranty, security, or pledge; assurance.

Example Sentences:

  • (1) Further development of drug formulary concept was discussed, primarily for the drugs paid by the Health Insurance, as well as the unsatisfactory ADR reporting in Yugoslavia.
  • (2) Senator Bernie Sanders of Vermont, who is also seeking the Democratic presidential nomination, recently proposed a bill that would ease the financial burden of prescription drugs on elderly Americans by allowing Medicare, the national social health insurance program, to negotiate with the pharmaceutical companies to keep prices down.
  • (3) The direct monocyte source is not sufficient to insure the stability of this population.
  • (4) Obamacare price hikes show that now is the time to be bold | Celine Gounder Read more No longer able to keep patients off their plans outright, insurers have resorted to other ways to discriminate and avoid paying for necessary treatments.
  • (5) Most survivors reported a range of problems that they attributed to having had cancer: 35%, proven or perceived infertility; 24%, sexual problems; 31%, health and life insurance problems; 26%, a negative socioeconomic effect; and 51%, conditioned nausea, associated with visual or olfactory reminders of chemotherapy.
  • (6) They derive from publications of the National Insurance Institute for Occupational Accidents (INAIL) and refer to the Italian and Umbrian situation.
  • (7) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (8) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (9) The author describes the utilization review process, utilization patterns, and service cost of the Mental Health Service of the Health Insurance Plan of Greater New York (HIP).
  • (10) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (11) Whereas 87% of U.S. physicians supported private fee-for-service health care, 85% of Canadian physicians supported government-funded national health insurance.
  • (12) When I eventually get hold of a human at Uber, I am told the only insurance cover is up to $1m to cover “bodily injury or property damage to third parties where the claim arises out of UberEats and UberRush operations”.
  • (13) The use of accounting software expands the use of in-office computers to areas beyond professional billing and insurance form generation.
  • (14) In a 2013 Politifact interview , the author of the Urban Institute study, Stan Dorn, said: “It makes sense that as time goes by … health insurance coverage has greater impact on health outcomes.” The specific numbers might be hard to agree upon, and even harder to forecast if the Republican bill is passed.
  • (15) Requesting physicians explicitly identified "no money" or "no insurance" as the primary reason for transfer in 89 per cent of 164 cases in which these data were recorded.
  • (16) Relief on contributions, national insurance, tax-exempt lump sums and others amounts to a phenomenal £48.4bn a year.
  • (17) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (18) In March-May 1988, we collected data on enrollment of 1,445 Army families with grade school children in the Active Duty Dependents Dental Insurance Plan at two Army posts.
  • (19) The studies are conducted on members of a prepaid medical insurance plan, and reside in the Oakland area of California, USA.
  • (20) Insurance claims for medical services submitted on behalf of a group of workers in the construction industry were collected over a 20-month period.