Advertisement Upgrade to remove ads


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


The insuring party




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.


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


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.


The beginnings of modern health insurance occurred in England.


he birth if health insurance in the United States

Blue Cross

First actual insurance company in USA


Profound change


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

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording