Insurance Company

(1) An organization chartered to operate as an insurerThe insurance company.. (2) Any corporationAn entity established and treated by law as an individual or unit with rights and liabilities, or both, primarily engaged in the business of furnishing insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." protection to individuals or organizations.

Insurance Company

An insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." company must be licensed by the Department of Insurance to sell health insuranceFinancial protection against all or part of the medical care costs to treat illness or injury. Health. The insurerThe insurance company. issues policies which outline coverageThe scope of protection provided under a contract of insurance; any of several risks covered by a policy.. An insurance policyThis is the entire written insurance contract. is a contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder between the insuredThe policyholder - the person(s) protected in case of a loss or claim. and the insurance company. You pay your premiumsPeriodic payment to keep an insurance policy in force. to an insurance company. They then pay some or all of your medical providerAny person or place that provides health care or prescription drugs. Providers can be doctors, hospitals,'s bills when you need treatment (see "provider").