chapter 4

Created by DRALEJO 

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Premium

The act or business, through legal means (normally a written contract), of protecting and individual's person or property against loss or harm arising out of specified circumstances in return for payment

Insurer

The insuring party

Indemnify

reimburse

Policy

Written agreement between two parties(or entities)

Medical insurance(or health insurance)

Narrows down the "undesirable events" injuries and illnesses.

Preventive medicine

Keeps individuals well or catches an emergency illness in its early stages to prevent more exorbitant expenses.

Insurance

Derived from the Latin word Securitas, which translates into the English word security

Jettinson

This law stated that if it becomes necessary to throw goods overboard to lighten the ships in case the safety of the crew became threatened.

1850

The beginnings of modern health insurance occurred in England.

1929

he birth if health insurance in the United States

Blue Cross

First actual insurance company in USA

Metamorphosis

Profound change

Indigent

individuals having insufficient income or assets to be able to pay for adequate medical care

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