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nounwritten contract or certificate of insurance
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nounprotection against future loss
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nounpromise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance companytype of:
Definition that contains insurance
- hospitalization insurance that pays all or part of a patient's hospital expense
- life insurance insurance paid to named beneficiaries when the insured person dies
- malpractice insurance insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice
- disability benefit insurance benefits paid in case of disability
- hazard insurance insurance that provides protection against certain risks such as storms or fires
- whole life insurance insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
- health insurance insurance against loss due to ill health
- survivors insurance insurance paid to surviving spouses
- group insurance insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group
- coinsurance insurance issued jointly by two or more underwriters