Sunday, March 14, 2010

What is Insurance 4

# A legal agreement with an insurance company that provides for reimbursement in the case of damage or theft to collateral. Wachovia Dealer Services requires you to maintain insurance on the vehicle you purchase.
www.wachoviadealer.com/Consumers/CustomerService/AutoLoanGlossary/default.asp

# An agreement by which one party (the insurer) assumes the risk of the payment of health care treatment faced by another party in return for a premium payment.
laportewellness.com/custom_content/41481_commonly_used_insurance_terms.

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