Study guides, Class notes & Summaries

Cigna Terms VERIFIED SOLUTIONS 2023//2024 Insurer - ANSWER An entity which provides insurance. Insured - ANSWER A person who buys insurance. Also known as a policyholder or a subscriber. Contract - ANSWER Called the insurance policy. Details conditions and circumstances under which the insurer will compensate he insured. Premium - ANSWER The amount of money charged by the insurer to the insured for coverage. Name the 4 Core Insurance Principles - ANSWER Pooling of Losses, Spread of...