Glossary

A group contract is a contract provided to the employer detailing coverage under a group plan.

Group credit insurance refers to coverage a creditor may buy on the life or health of debtors to pay the debt in case of disability or death.

Group disability insurance refers to a disability insurance program that covers members of a natural group, such as employees of a business or members of a union, association, or employer group.

Group health insurance describes a health insurance program that covers members of a natural group, such as employees of a business or members of a union, association, or employer group.

Group insurance is insurance provided to groups of people.

Group life insurance refers to a life insurance program that covers members of a natural group, such as employees of a business or members of a union, association, or employer group.

A group of companies refers to insurance companies affiliated with others under the same management.

Group permanent life insurance refers to a group life insurance plan where participants may choose permanent life insurance coverage in addition to or instead of term life insurance.

A group practice health maintenance organization is a type of health maintenance organization (HMO) that consists of various group physician practices including specialists who treat participants of the HMO exclusively.

Group property and liability insurance is group coverage for property and liability exposures.