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Individual and household medical and dental insurance plans are insured by Cigna Health and Life Insurance Company , Cigna HealthCare of Arizona, Inc., Cigna HealthCare of Illinois, Inc., and Cigna HealthCare of North Carolina, Inc. Group medical insurance and well being benefit plans are insured or administered by CHLIC, Connecticut General Life Insurance Company , or their associates . The Cigna name, brand, and different Cigna marks are owned by Cigna Intellectual Property, Inc. There is a mess of several varieties of insurance insurance policies out there, and virtually any particular person or business can find an insurance firm prepared to insure them—for a worth.

You can study more about the requirements we observe in producing accurate, unbiased content material in oureditorial coverage. The policy restrict is the utmost amount an insurer can pay beneath a policy for a covered loss. Maximums may be set per interval (e.g., annual or policy term), per loss or injury, or over the life of the coverage, also called the lifetime maximum. For instance, if you personal several expensive vehicles and have a historical past of reckless driving, you will likely pay extra for an auto policy than someone with a single mid-range sedan and an ideal driving document. However, completely different insurers may charge different premiums for comparable insurance policies.

Coverage is usually for mortality as a end result of accident, illness or illness however could extend to incorporate infertility, in-transit loss, veterinary fees, and potential foal. Many credit cards provide fee safety plans that are a form of credit insurance coverage. Prize indemnity insurance coverage protects the insured from giving away a large prize at a specific occasion. Examples would include providing prizes to contestants who could make a half-court shot at a basketball sport, or a hole-in-one at a golf tournament. Supplemental natural disaster insurance coverage covers specified expenses after a natural catastrophe renders the policyholder’s residence uninhabitable.

An auto supplier isn’t subject to this sort of risk but does require coverage for damage or injury that might happen throughout check drives. Redlining is the follow of denying insurance coverage coverage in specific geographic areas, supposedly due to a excessive probability of loss, whereas the alleged motivation is unlawful discrimination. Racial profiling or redlining has a protracted historical past within the property insurance trade within the United States. In most nations, life and non-life insurers are topic to totally different regulatory regimes and totally different tax and accounting guidelines. The primary purpose for the excellence between the two kinds of firm is that life, annuity, and pension business may be very long-term in nature – coverage for all times assurance or a pension can cover dangers over many decades.

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