Benefit

Amount an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer pays to a claimantThe person or party making a formal request for payment of benefits due under the terms of an insurance contract., assigneeOne who receives rights or property. An assignee stands in the place of the assignor for rights, liabilities, or beneficiaryThe person, persons or entity designated to receive the death benefits from a life insurance policy or annuity contract. when the insuredThe policyholder - the person(s) protected in case of a loss or claim. suffers a lossThe occurrence of the event for which insurance pays. coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, by the policyThe written contract of insurance..

Benefit

Amount payable by the insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer to a claimantThe person or party making a formal request for payment of benefits due under the terms of an insurance contract., assigneeOne who receives rights or property. An assignee stands in the place of the assignor for rights, liabilities, or beneficiaryThe person, persons or entity designated to receive the death benefits from a life insurance policy or annuity contract. when the insuredThe policyholder - the person(s) protected in case of a loss or claim. suffers a lossThe occurrence of the event for which insurance pays..