Health / Health Insurance / Stop-Loss Insurance: A type of insurance coverage that enables provider organizations or self-funded groups to place a dollar limit on their liability for paying claims and requires the insurer issuing the insurance to reimburse the insured organization for claims paid in excess of a specified yearly maximum.
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Insurance Verb Synonyms: assurance, surety, indemnity, indemnification, guarantee or guaranty, warranty, bond, security, protection, cover
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Health / Health Insurance / Individual Stop-Loss Coverage: A type of stop-loss insurance that provides benefits for claims on an individual that exceed a stated amount in a given period. Also known as specific stop-loss coverage. MORE
Health / Health Insurance / Aggregate Stop-Loss Coverage: A type of stop-loss insurance that provides benefits when a group's total claims during a specified period exceed a stated amount. MORE
Business / Finance / Multiple Peril Insurance: Insurance policy that covers a wide variety of property damage. MORE
Business / Finance / Municipal Bond Insurance: An insurance policy that guarantees payment on municipal bonds in the event the issuer defaults. MORE
Business / Finance / Mortgage Life Insurance: A life insurance policy that pays off the remaining balance of the insured person's mortgage at death. MORE
Business / Real Estate / Mortgage Insurance Premiums (MIP): Most FHA loans require the borrower to pay two mortgage insurance premiums: one upfront paid at closing, the second is an annual premium based on the loan balance each year. MORE