A person interested in taking out insurance has to make an offer by means of a proposal. This is an application for the cover required, or for obtaining quotations of the premium chargeable.
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UK: an application by a person (known as the proposer) for insurance, generally by presentation of a printed form, and constituting an offer in contract law; the proposer becomes the insured when the application has been accepted and the contract brought into being.
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MEDICAL,USA: Formal suggested insurance plan offered by an insurance company to give insurance coverage to an employer, group, individual, or organization at stated premium rates. Also called quotation and quote.