This section personalizes the policy for an insured. It consists of the necessary
information to identify the insured, the risk(s) to be covered, the coverage
limits provided, the premium cost, the policy number, and the inception/expiration
dates. The declaration page states certain acts concerning the parties to the
Diagnosis-Related Groupings (DRGs)
System that reimburses health care providers fixed amounts for all care given in connection with standard
Disability Income Insurance
A form of health insurance that provides periodic payments to replace income
when an insured person is unable to work as a result of illness, injury, or
Dividend (Policy Dividend)
An amount which is refunded to the owner of a participating life insurance policy if the company has
operated with sufficiently favorable experience.
A policy provision usually associated with death, which doubles payment of a designated benefit when
certain kinds of accidents occur.
This information should not be construed as legal advice or a legal opinion on any factual situation.
This summary is for illustrative purposes and is not a contract. It is intended to provide a general
overview, at the time first posted, of the topics described. Only the insurance policy can give actual
terms, conditions and exclusions.