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Mar 10, 2020 · Can't make heads or tails of your insurance statement? Check this list of abbreviations for health and automobile insurance claims, policies, and providers.
Mar 27, 2024 · Liability insurance is the part of your auto-insurance policy that covers any injuries or damage that you may cause if you are at fault in an accident. Your policy will likely outline your liability limits to help you understand your responsibility in the event of an accident. Potential responsibilities often concern medical or legal bills.
- Absolute Liability. Liability for damages even though fault or negligence cannot be proven. Certain situations create absolute liability for the manufacturer a product or the provider of a service.
- Accident. An event or occurrence which is unforeseen and unintended. Accidental is an important concept of risk for insurance. The more unlikely the accident or the occurrence, the less expensive it is to insure.
- Accident and Health Insurance. A type of coverage that pays benefits, when an accident occurrs or a medical problem arrises, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.
- Accident Insurance. A form of health insurance against loss by accidental bodily injury.
May 11, 2024 · The sheer number of insurance abbreviations can be overwhelming. Use our insurance abbreviations list to understand common insurance acronyms.
- What are some common insurance acronyms?Common insurance acronyms may include: BOP: Business Owner’s Policy COBRA: Consolidated Omnibus Budget Reconciliation Act D&O: Directors and Office...
- What is a BOP?A BOP, or Business Owner’s Policy, is a type of insurance policy that combines property and liability insurance into one package. BOPs are typicall...
- What is COBRA?COBRA, or Consolidated Omnibus Budget Reconciliation Act, is a federal law that allows certain employees to continue their health insurance coverag...
- What is D&O insurance?D&O insurance, or Directors and Officers insurance, is a type of liability insurance that provides coverage for claims made against directors and o...
- What is EPLI insurance?EPLI insurance, or Employment Practices Liability Insurance, is a type of liability insurance that provides coverage for claims made by employees a...
- What is an HMO?An HMO, or Health Maintenance Organization, is a type of managed care health insurance plan that typically requires members to choose a primary car...
- What is PLI insurance?PLI insurance, or Public Liability Insurance, is a type of liability insurance that provides coverage for claims made against a business or individ...
The person or organization designated to receive proceeds under the terms of a life insurance policy, college savings plan or annuity. Benefit. The proceeds or payout from a life insurance policy, supplemental health policy or an annuity. Typically paid to the policy holder or the beneficiary. Binder.
1 day ago · The state’s stringent regulations on insurance practices also ensure that premiums remain affordable for residents, making it an attractive option for drivers looking for cost-effective insurance without sacrificing coverage quality. 2. Ohio. Average Annual Premium: $926. Ohio’s competitive insurance market is a primary driver of its low ...
Dec 29, 2023 · But what does AOR mean in insurance? In this article, we will demystify the term AOR and provide you with a comprehensive understanding of its significance in the insurance landscape. AOR is an acronym that stands for “Agent of Record.”
