Definition
A person who is entitled to benefit from an annuity.
insurance
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Definition
A risk-sharing agreement between the insurer and the insured under a particular insurance policy. The insured agrees to cover a percentage of the losses up to a certain threshold level, rather than paying a fixed amount as with co-pay...
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Liberty Mutual Insurance Company administers a health plan, the Liberty Mutual Medical Plan (the “Plan”), which covers 84,000 people nationwide and 137 people in Vermont. See Liberty Mut. Ins. Co. v. Donegan, 746 F.3d 497, 501 (2d Cir. 2014). The Plan...
(LIIBULLETIN preview)
Bridget Hardt, worked as an executive assistant to the president of a textile manufacturer, Dan River Inc.; in 2000, she was diagnosed with carpal tunnel syndrome (“CTS”) and had surgery on both wrists to relieve the pain. See Hardt v. Reliance...
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Definition
A party, usually an insurance policyholder, whose loss gives rise to the insurer’s duty to pay the proceeds of an insurance policy.
(Wex page)
Definition
A party, usually an insurance company, that contractually agrees to assume the risk of another party’s (the insured’s) losses and compensate for those losses. Also termed underwriter; insurance underwriter; carrier; assurer (for life...
(LIIBULLETIN preview)
In 2010, to help increase health care insurance coverage, Congress passed the Patient Protection and Affordable Care Act (“ACA”). See King v. Burwell, 759 F.3d 358, 363 (4th Cir. 2014). Facilitating insurance-plan purchases, § 1311 of the ACA requires...
(LIIBULLETIN preview)
On December 1, 2008, a drunk driver injured Robert Montanile in a car accident. See Bd. of Trs. of the Nat’l Elevator Indus. Health Benefit Plan v. Montanile, 593 Fed. Appx. 903, 906 (U.S. App. 2014). Montanile suffered injuries to his neck and lower...
(Wex page)
Definition
A form of life insurance that offers flexible premiums, adjustable death benefits, and the ability of the insured to make partial withdrawals from the cash value. Universal life insurance policies generate cash value as the insured’s...