Glossary
Accidental death results directly and solely from (1) an accidental injury visible on the body or disclosed by an autopsy; (2) a disease or infection resulting directly from an accidental injury as described, beginning within 30 days after the date of the injury; or (3) an accidental drowning.
Read MoreAccidental death and dismemberment (AD&D) is a type of coverage often written in conjunction with group life insurance plans.
Read MoreThe accidental death benefit (ADB) is a supplementary life insurance policy provision that pays an additional death benefit if the insured is killed in an accident.
Read MoreAccidental death insurance refers to a life insurance policy that pays its benefit when the insured dies in an accident.
Read MoreAccidental means is a condition precedent to recovery under some insurance policies requiring that the covered loss be the result of an accident rather than merely the accidental result of a nonaccidental event.
Read MoreAccident and health insurance refers to a class or type of insurance that pays benefits for losses caused by disease, accidental injury, accidental death, and related health expenses.
Read MoreAccident year data refers to a method of arranging loss and exposure data of an insurer or group of insurers or within a book of business, so that all losses associated with accidents occurring within a given calendar year and all premium earned during that same calendar year are compared.
Read MoreThe accident year experience or accident year is any 12-month period for which losses from incidents taking place during that 12-month period are tracked.
Read MoreAn accommodation line is a line of coverage an insurer accepts from an agent, broker, or the insured that would ordinarily be declined if considered strictly on the merits of the individual risk.
Read MoreAn accountable care organization (ACO) is one created by the Patient Protection and Affordable Care Act (PPACA).
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