Definition of "Dependent"

Dennis Ciesil real estate agent

Written by

Dennis Ciesilelite badge icon

Baird & Warner Real Estate

A person who relies on another for economic support. For insurance purposes, the following may be included:

  1. the insured's legal spouse;
  2. any unmarried children younger than a specified age who are dependent upon the insured for support (age requirements vary from plan to plan);
  3. unmarried children between specified years of age who are dependent upon the insured for support, and who are full-time students in an educational institution (age requirements vary).
A dependent child cannot be covered under more than one insured employee's plan. For example, if the husband and wife are both insured employees of different companies, coordination of benefits would determine which plan is primary and which plan is secondary. In some states, the father's plan is primary; in other states, the birthday rule would be used: the parent with the earlier birthday would have the primary plan.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Law that established rules and regulations to govern private pension plans, including vesting requirements, funding mechanisms, and general plan design and descriptions. For example, three ...

French industrialist whose thesis is that all business activities revolve around six areas: technical (production), commercial (buying and selling), financing (capital employment), ...

Termination of a contractual obligation for immediate performance. For example, under the homeowners insurance policy, if the insurer refuses to pay a claim, the insured (if not satisfied ...

Corporate or government security that pays interest and obligates the corporation or government agency to pay that interest at the end of specific time intervals, and to pay the principal ...

Total of the insurance company's mortgages whose interest has not been paid for at least three months. These are mortgages upon which the insurance company is in the process of foreclosing, ...

Insurance sold by a stock insurance company that is usually in the form of nonparticipating insurance. ...

Insurance company that restricts its underwriting of risks to one state. ...

Corporations that have elected to be taxed according to the provisions of Sub chapter S of the Internal Revenue Code. In order to qualify under these provisions, the corporation can have ...

Homeowners policy to cover the owner of a townhouse. ...

Popular Insurance Questions