State Government Insurance
Definition of "State government insurance"
Health insurance coverage offered by some states for medical expenses and loss of income from nonoccupational disability. The merits of federal health insurance have been debated for some time. In the meantime, several states have passed plans that may be used as a testing ground for a more comprehensive plan. For example, Rhode Island pays for out-of-pocket expenses that total more than $5000 or a certain percentage of income. Other states have passed similar laws, including Georgia, Maine, Minnesota, and Connecticut.
Popular Insurance Terms
Insurance in force previous to the present insurance policy. ...
Instrument that uses noncombustible substances such as carbon dioxide to deprive a fire of oxygen, thereby extinguishing it. ...
Same as term Civil Damages Awarded: ...
Percentage of a life insurance company's policies in force at the beginning of the year that are no longer in force at the end of the year. This ratio is critical because it indicates the ...
Early payout of anticipated death benefits from a rider attached to an existing policy or from a separate policy. The purpose is to allow the terminally ill insured an additional source of ...
Group appointed by President Nixon in 1971 to study workers compensation laws under the authorization of the occupational safety and health act (OSHA). It issued sweeping recommendations to ...
Insurance policies covering various business risks. ...
Entity that offers a managed care plan for workers compensation benefits that joins a provider network with the following parts: case management personnel, medical bill review personnel, ...
Type of excess of loss reinsurance in which the insurance company (cedent) cedes its risk of loss on incurred but not reported losses (IBNR) and previously reported losses. ...
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