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.
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
First actual insurance company in USA
individuals having insufficient income or assets to be able to pay for adequate medical care