See: workers’ compensation (WC) insurance .
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Insurance designed primarily for hourly wage worker. It may however be sold to any type of individual.
Tag: REFERENCE
Industry-wide liability
See: enterprise liability .
Inefficacy Clause
See: Efficacy Risk.
Inpatient hospital services
See: inpatient services .
Inpatient hospital stay
See: inpatient hospitalization .
Inquiry
See: tracer .
Inside build-up
See: cash value .
Insolvency fund
See: Guaranty funds.
Insurance agent
See: Agents; Imputed Knowledge.
Insurance exchange
See: Reciprocal exchange.
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(i) Operating through an attorney- in- fact, the members of an Insurance exchange share in the exchange’s profits and losses in proportion to the amount of Insurance each member purchases from the exchange (Also known as a reciprocal exchange),(ii) Market place, such as Lloyd’s of London or insurance exchanges operating in several states of USA where underwriters, Agents and brokers gather to negotiate Insurance and Reinsurance.