(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.
Reinsurance
Definition:
(n.) Insurance a second time or again; renewed insurance.
(n.) A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.
Example Sentences:
(1) The global fund's reinsurance arm – put at about $3bn (using a high insurance rate) – would facilitate reinsurance coverage for social protection schemes in countries where risks (and the fear of excess demand for support) make it difficult for states to obtain affordable and extensive reinsurance.
(2) The second provision was a sop to unions, and as such was seen as a Democratic ask: a tax on group health care plans – which would fund a reinsurance program to protect against early strain on the system from potentially lots of sick people and no healthy people signing up – was to be delayed.
(3) But reinsurance alone does not reduce the underlying high cost of providing such primary coverage.
(4) It is argued that the rise in malpractice insurance premiums and associated restrictions in availability should be seen against the background of underwriting problems specific to medical liability in conjunction with a general decline in reinsurance cover.
(5) That is why the governments concerned must take over the reinsurance function and use their agencies only to administer the insurance policies.
(6) Taking as an example the life insurance application of a man with conservatively treated ulcerative colitis, risk assessment procedure from the viewpoint of life insurance is analyzed on the basis of the Swiss Reinsurance Company rating guidelines.
(7) Only simple insurance products will be affected, but not big reinsurance contracts and specialist insurance such as marine and aviation, Beale said.
(8) There, reinsurance serves as part of a strategy for requiring that primary insurance be made available to all applicants, regardless of risk.
(9) Private insurers and reinsurers like Germany's Euler Hermes have offered it for years.
(10) Some financial firms, though, were hit – particularly the reinsurance firms that take on risk from individual insurers.
(11) Guarantees of this kind have a peculiar feature: the more convincing they are, the less likely they are to be invoked; the reinsurance is likely to turn out to be largely costless.
(12) The fund would have two functions: to help the 48 least developed countries (LDCs) put in place a "social protection floor"; and to serve as a reinsurance provider to step in if a state's social protection system was overwhelmed by an unexpected event such as extreme drought or flooding.
(13) Like other reinsurers, Munich Re has said it is expecting to face mounting claims in the coming years for damage caused by climate change.
(14) Hodge said: "As individual events, the Australian floods, Cyclone Yasi [in Australia], the Christchurch earthquake and today's Honshu earthquake are unlikely to significantly affect global reinsurance prices.
(15) It was found that admissions can be unreported when another insurer or institution pays (e.g., Medicare, No Fault, Workmen's Compensation, duplicate coverage, school health and liability insurance or VA, military, municipal, and state hospitals); when the HMO does not cover benefits (e.g., cosmetic and oral surgery, experimental procedures, long-term psychiatric, chronic, or rehabilitation stays); and when HMO coverage is denied for procedural reasons (e.g., catastrophic stays covered by reinsurance, newborns, voluntary "leakage," or improper following of HMO procedures).
(16) To do so, they must ensure their financial stability through the support of the insured and through adequate reinsurance, compete effectively with commercial insurance companies, comply with federal regulations regarding reimbursement to hospitals for premiums, and develop effective internal management.
(17) They had bought it for £600m in 2007 from reinsurer Swiss Re, which commissioned it in 2004.
(18) Because the primary carrier mainly wants to protect its solvency against unpredictable variation in claims experience, it normally reinsures only the "high end" of claims risk.
(19) Under conventional private practice, primary health insurers, including self-insured groups and HMOs, voluntarily contract with reinsurers to share some risk and some premiums.
(20) The £4bn loans, some of which appear to be still outstanding, were made to the Swiss banking giant, Credit Suisse; a British reinsurer, Swiss Re plc; and an unidentified US insurer.