Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Over Insurance Provision

In individual health insurance, the policy will specify that under certain situations the benefits will be reduced if the employee has more insurance that what is necessary to pay for medical expenses, or in the event that disability income may exceed the insured's predisability earnings.
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Outstanding Premium

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Over Retained

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