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13 terms

chapter 4

STUDY
PLAY
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