Dependent
A person who relies on another for economic support. For insurance purposes, the following may be included:
- the insured's legal spouse;
- any unmarried children younger than a specified age who are dependent upon the insured for support (age requirements vary from plan to plan);
- 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).
Popular Insurance Terms
Sample of n elements selected from a population of A? elements in such a way that the sample has essentially the same characteristics as the population. The random sample serves as the ...
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Fund that contains the portion of the premium that has been paid in advance for insurance that has not yet been provided. For example, if a business pays an annual premium of $1000 on ...
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Endorsement attached to an insurance policy that eliminates coverage for certain specified perils. ...
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