Payroll Deduction Insurance
Definition of "Payroll deduction insurance"
Plan under which an employee authorizes his or her employer to deduct from each paycheck premiums due on an insurance plan.
Popular Insurance Terms
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Same as term: Beneficiary; Beneficiary Clause: ...
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Rights and duties of an insured as a prerequisite for collecting benefits. For example, in the event of property damage, the insured may be required to submit proof of loss to the insurance ...
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