Diagnosis-related groups (DRGs) are classification groups used for standardized hospital payment and claims processing.

In insurance, a direct selling system is a distribution model where the insurer sells policies directly to customers instead of relying mainly on outside agencies or brokers.

Disability buy-sell coverage funds a business buy-sell agreement when an owner becomes disabled and can no longer continue in the business.

Learn how the Disability Insurance Training Council Inc., a branch of the National Association of Health Underwriters, supports education and administers university and executive seminars.

Learn about the concept of discrimination in general insurance terms. Discover why the law prohibits the refusal to insure individuals with the same characteristics as others who have been insured.

The stated maximum amount an insurance policy will pay for a particular coverage, class of property, or loss.

An insurance company organized under the laws of the state in which it is being described by that regulator.

Dram shop laws can make alcohol-serving businesses liable when service to an intoxicated or underage person contributes to injury or property damage.

A health insurance form that pays benefits when the insured is diagnosed with one of the serious illnesses specifically named in the policy.

The level of prudence expected in a specific insurance context, usually measured by ordinary professional or reasonable standards.

A premium collection model where an agent collects recurring payments directly from insureds.

A document that permits an insurer or related party to obtain, release, or use specified personal information for underwriting or claims purposes.