Individual Health Insurance Article

This article does not cite any references or sources. (March 2008) Please help improve this article by adding citations to reliable sources. Unverifiable material may be challenged and removed. The Metropolitan Life Insurance Company is one of the world's largest New York based life insurance companies Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium. Insurer is the company that sells the insurance. Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. Contents 1 Principles of insurance 2 Indemnification 3 Insurer’s business model 4 History of insurance 5 Types of insurance 5.1 Health 5.2 Disability 5.3 Casualty 5.4 Life insurance 5.5 Property 5.6 Liability 5.7 Credit 5.8 Other types 5.9 Insurance financing vehicles 6 Insurance companies 7 Global insurance industry 8 Controversies 8.1 Insurance insulates too much 8.2 Closed community self-insurance 8.3 Complexity of insurance policy contracts 8.4 Redlining 8.5 Insurance patents 8.6 The insurance industry and rent seeking 8.7 Criticism of insurance companies 9 Glossary 10 See also 11

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