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  Insurance Terms

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Waiting Period
Has two meanings: (1) the time period you must wait before you can get health insurance from a new employer; and (2) the time that must pass after becoming insured before the policy will begin to pay benefits for a pre-existing condition or specified illness.

Waiver
An amendment to a policy that excludes coverage for certain medical conditions.

Written Premiums
The total premiums generated from all policies written by an insurance company within a given period of time.

 

 




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