Uniform Individual Accident And Sickness Policy Provisions Act
Definition of "Uniform individual accident and sickness policy provisions act"
Regulations of the national association of insurance commissioners (naic) that dictate provisions that all individual health insurance policies must contain. All states now require these provisions, which include the circumstances under which changes can be made to the policy; how the beneficiary can be changed; submission of proof of loss; reinstatement of the policy; and grace period.
Popular Insurance Terms
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Costs incurred by an insurance company other than agent commissions and taxes; that is, mainly the administrative expense of running a company. ...
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Statement showing the amount of money owed the agent by the insurance company, according to the contract he or she has with the insurance company. ...
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