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Insurance Terms

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  • Standard Provisions

    A set of provisions set forth in laws that prescribed certain rights and obligations of both the insured and the company under personal health insurance policies. These were originally introduced in 1912 and have now been replaced by the Uniform Provisions.

  • Step-Up In Basis

    An increase in the tax basis of property to the value claimed in the taxable estate of a decedent.

  • Subrogation

    Process by which one insurance company seeks reimbursement from another company or person for a claim it has already paid.

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Insurance Reference Guides

Where you live may affect your coverage options. Our reference guide will assist you in finding plans available in your state.

Insurance Terms Glossary

From "absolute liability" to "written premiums," we've done the work for you to define commonly used insurance terms.

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