naic.org

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Definitions (506)

1

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accident


an unexpected event or circumstance without deliberate intent.
Source: naic.org

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covered lives


The total number of lives insured, including dependents, under individual policies and group certificates.
Source: naic.org

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retention limit


maximum amount of medical and hospital expense an insurer will carry on its own. The limit can be for an individual claim and/or for the insurers total claims, depending upon the terms of the reinsura [..]
Source: naic.org

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glossary


of Insurance Terms
Source: naic.org

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(click on the letter to view terms beginning with that alphabet.)


A
Source: naic.org

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accident insurance


insurance for unforeseen bodily injury.
Source: naic.org

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accident only


an insurance contract that provides coverage, singly or in combination, for death, dismemberment, disability, or hospital and medical care caused by or necessitated as a result of accident or specifie [..]
Source: naic.org

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accident only or ad&d


policies providing coverage, singly or in combination, for death, dismemberment, disability, or hospital and medical care caused by or necessitated as a result of accident or specified kinds of accide [..]
Source: naic.org

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accidental bodily injury


unexpected injury to a person.
Source: naic.org

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accidental death & dismemberment


an insurance contract that pays a stated benefit in the event of death and/or dismemberment caused by accident or specified kinds of accidents.
Source: naic.org


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