What's the difference between insurance and surety?

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.

Surety


Definition:

  • (n.) The state of being sure; certainty; security.
  • (n.) That which makes sure; that which confirms; ground of confidence or security.
  • (n.) Security against loss or damage; security for payment, or for the performance of some act.
  • (n.) One who is bound with and for another who is primarily liable, and who is called the principal; one who engages to answer for another's appearance in court, or for his payment of a debt, or for performance of some act; a bondsman; a bail.
  • (n.) Hence, a substitute; a hostage.
  • (n.) Evidence; confirmation; warrant.
  • (v. t.) To act as surety for.

Example Sentences:

  • (1) The radio talkshow host, whose syndicated show is the most listened-to talk-radio programme in the US, said Moore and others who provided surety for Assange's return to court on sex charges filed by Swedish prosecutors were "fans of serial rapists".
  • (2) The Australian journalist Phillip Knightley, said he had also offered £20,000 in surety for Assange, but he had no regrets about putting his money at stake.
  • (3) However, although the company's loans are not raised by using the property as surety, as mortgages are, the loans are attached to the property to which the improvements are made.
  • (4) He expressed a surety about how he saw the world and his place in it.
  • (5) Khan and other supporters of Assange, including film director Ken Loach and publisher Felix Dennis, posted bail totalling £200,000 to Westminster magistrates court, with a further £40,000 as promised sureties, to secure the WikiLeaks' founder's freedom when he first faced extradition proceedings in 2010 .
  • (6) None of the combinations or arrangements suggested surety.
  • (7) The federal government’s contribution towards hospitals and schools has to go up.” “The states require a return to surety on health and education.
  • (8) However before a ball was kicked in 92-93, the FAW requested that the club put up a bond as surety that their floodlights would be erected in time for the beginning of the League Cup competition.
  • (9) Two broad questions need to be asked: what is the government's role in facilitating application of contemporary nutrition knowledge to public health, and what standard of scientific surety should be the basis for its application?
  • (10) The unidentified defendant was allowed bail at Canterbury crown court in Kent on Friday but was not freed until Monday because it was not clear whether his bail surety had been paid.
  • (11) It emerged in the hearing that the DfT had demanded a greater surety from FirstGroup, pushing up the bond from £50m and settling on £200m, although at one point FirstGroup had offered £15m more.
  • (12) Several high-profile figures have supported Assange since his arrest in December 2010, including the film director Ken Loach and socialite and charity fundraiser Jemima Khan, who each offered £20,000 as surety.
  • (13) He immediately responded and asked if I would be prepared to come to court in the next hour to act as a surety for Assange.
  • (14) The decision by the district judge Howard Riddle to remand Assange into custody was made despite the film director Ken Loach, the journalist John Pilger, and the socialite Jemima Khan, offering sureties for him totalling £180,000.
  • (15) Failing reasonable surety of extirpation, permitting spontaneous healing, if feasible, is the best cours.
  • (16) "When looking into the eyes of those your government believe have veered from the path of democracy, British prime ministers and foreign secretaries alike will need to be able to speak with conviction and surety," their letter said.
  • (17) There were more reports on Monday nightof customers badly inconvenienced by the meltdown, including an unnamed man who was granted bail at Canterbury crown court, Kent, on Friday, but had to wait until Monday to be released because the bank computer problems prevented the court from confirming receipt of a surety demanded by the judge in the case.
  • (18) Restaurant designer Sarah Saunders also pledged £20,000 in surety.
  • (19) The bail conditions are that security of £200,000 is deposited with the court before Assange is freed, as well as two sureties of £20,000 each from two named people.
  • (20) Wednesday Trump began Wednesday with his unique combination of self-pity and self-importance, announcing in a speech to the Coast Guard Academy in Connecticut : “No politician in history, and I say this with great surety, has been treated worse or more unfairly.” But the Senate intelligence committee joined the House oversight committee in asking the acting FBI chief, Andrew McCabe, to hand over any notes or memos from Comey, and wrote to Comey asking him to appear in both open and closed sessions.