health insurance
Insurance
covering medical expenses or income loss resulting from injury or
sickness. Health insurance is a general category that includes many
different types of insurance coverage, including hospital confinement insurance, hospital expense insurance, surgical expense insurance,
major medical insurance, disability income insurance, dental expense insurance, prescription drug
insurance, and vision care insurance. See also disability income insurance
and medical expense insurance.
health maintenance organization (HMO)
Prepaid health
plans in which you pay a monthly premium and the HMO covers your
necessary medical treatment. You must choose a primary care
physician from within the network to coordinate all of your care.
All specialty referrals need to be authorized by your primary care
physician.
history statement
An Attending Physician's Statement
concerning a specific health history admitted by the proposed
insured.
hold harmless release
A discharge stating that a payee
will reimburse an insurance company if a subsequent claimant
successfully challenges the disbursement of the policy's proceeds.
home-office-to-home-office arrangement
A
manufacturer-distributor arrangement in which an insurance company
that chooses not to offer a particular product or product line
agrees to act as a brokerage general agent for certain product lines
manufactured by another insurer.
home service agents
Exclusive or captive agents who
work for home service companies and who collect premiums and provide
service at the policyowner's residence. Home service agents offer
monthly debit life, health, and fire insurance products as well as
products for which premiums are billed by and remitted directly to
the insurer. Some of their business may also be in industrial
insurance. They market products primarily to middle and lower-middle
income individuals and families. See also industrial insurance and
monthly debit ordinary (MDO).
home service distribution system
A distribution system
which is used primarily for individual insurance products and which
employs agents who collect premiums and provide service at the
policyowner's residence. Each home service agent works within a
defined geographical territory. Home service agents offer monthly
debit life, health, and fire insurance products as well as products
for which premiums are billed by and remitted directly to the
insurer. Some market industrial insurance. The home service market
is usually middle and lower-middle income individuals and families.
See also industrial insurance and monthly debit ordinary (MDO).
H: Part
Two
