A provision in an insurance contract stating that the entire agreement between the insured and the insurer is contained in the contract, including the application if it is attached, declarations, insuring agreements, exclusions, conditions and endorsements.
Insurance Encyclopedia
Entire contract clause (Health Insurance/Life Insurance)
A contract clause stating that the all pieces of the agreement between insurer and insured are found in the contract. This can include the application, endorsements, and conditions.
Entire contract provision
Life insurance policy that states that the policy, along with a copy of the application for insurance, represents the whole agreement between the insurance company and the policyholder.
Entitlement
State of meeting all of the requirements for a specific Medicare benefit; the date of entitlement begins at age 65 for most beneficiaries.
Entitlement program
Benefit that an individual has a right or a claim to (e.g., veterans’ pensions).
Entity Agreement
A buy sell agreement usually used with a partnership in which the partnership agrees to purchase the interest of a deceased or disabled partner.
Entity agreement (Life Insurance)
Usually used with a partnership, an entity agreement is a buy sell arrangement, wherein the partnership promises to buy out the interests of a partner if he or she becomes disabled or dies.
Entity assets
Resources or material goods that the reporting entity has authority to use in its operations (i.e., management has the authority to decide how funds are used, or management is legally obligated to use funds to meet entity obligations).
Entity plan
Type of buy-sell insurance agreement in which the business entity assumes the obligation of buying a deceased owner’s interest in the business.
Entrance age
Age up to which the insurance company will sell a policy. Entrance ages vary from one company to another, and some policies can be bought at any age.