group insurance


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group insurance

n.
Insurance purchased by a group of persons, such as the employees of a company, often at a reduced individual rate.

group insurance

n
(Insurance) chiefly US and Canadian insurance relating to life, health, or accident and covering several persons, esp the employees of a firm, under a single contract at reduced premiums

group′ insur`ance


n.
life, accident, or health insurance available to a group of persons, as the employees of a company, under a single contract.
[1910–15]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.group insurance - insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
References in periodicals archive ?
Contract notice: search for a group insurance in the name and on behalf of the team bedrijfstrajecten vzw
BANKING AND CREDIT NEWS-August 31, 2017-Prudential Group Insurance hires chief underwriting officer
M2 EQUITYBITES-August 31, 2017-Prudential Group Insurance hires chief underwriting officer
Global Banking News-August 31, 2017--Prudential Group Insurance names chief underwriting officer
KARACHI -- KMC Administrator Sajjad Hussain Abbasi said the government was trying to provide group insurance facility to all municipal employees in their own interst.
Islamabad -- The SECP has sent its recommendations to the Ministry of Finance to get compulsory group insurance coverage implemented.
Today, Protector Group Insurance has grown to meet the complex needs of mid-sized to large companies, both private and public, throughout New England" said Robert J.
Washington Trust, a division of The Washington Trust Company, and a subsidiary of Washington Trust Bancorp Inc (NASDAQ: WASH), has appointed Ann M Nagle as vice president, trust officer of the Wealth Management area's new Group Insurance Trust division.
RONE BALDWIN, an executive vice president with the New York-based company's group insurance wing, will take up the chief operating officer post.
The United Auto Workers (UAW) had negotiated collective bargaining agreements with Case that required the agreed-upon group insurance and pension plan to run concurrently In 1995 the UAW and Case signed a letter of agreement that seemed to cap Case's liability.
Current: CalCPA Members Insurance and Benefits Committee; Administrative Board of the Group Insurance Trust, trustee.
Under existing rules, HSAs could be considered employee welfare benefit plans under ERISA Section 3(1), if they met the safe harbor for group insurance programs at 29 CFR [section] 2510.

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