Dear customer, upon your request Insurance Company Definition were found the following resources. Our team makes effort to make you happy with the search on our site ninan.org

What is insurance company? definition and meaning ...

insurance company: A business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments. The company calculates the risk of occurrence then determines the cost to replace (pay for) the ……

Insurance company financial definition of insurance company

Insurance Company A company, which may be for-profit, non-profit or government-owned, that sells the promise to pay for certain expenses in exchange for a regular fee, called a premium. For example, if one purchases health insurance, the insurance company will pay for (some of) the client's medical bills, if any. Likewise, in life insurance, the company ...…

What is Insurance Company? definition and meaning

insurance company: A company that offers insurance policies to the public, either by selling directly to an individual or through another source such as an employee's benefit plan. An insurance company is usually comprised of multiple insurance agents. An insurance company can specialize in one type of insurance, such as life insurance, health ...…

Coinsurance - HealthCare.gov Glossary HealthCare.gov

The percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible. Let's say your health insurance plan's allowed amount for an office visit is $100 and your coinsurance is 20%.. If you've paid your deductible: You pay 20% of $100, or $20.The insurance company pays the rest.…

Insurance company legal definition of insurance company

MLMIC Insurance Company, formerly known as Medical Liability Mutual Insurance Company, has completed its conversion from a property and casualty mutual insurance company to a property and casualty stock insurance company and its acquisition by National Indemnity Company, a subsidiary of Berkshire Hathaway Inc.…