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group insurance

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia, Hutchinson 0.07 sec.
group insurance: see insurance insurance or assurance, device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums.
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Current: CalCPA Members Insurance and Benefits Committee; Administrative Board of the Group Insurance Trust, trustee.
For more information on any of the TAPPI group insurance plans, contact Marsh Affinity Group Services, TAPPI Group Insurance Program, PO.
For several years, I've advised readers to get non-employment-based group insurance for major medical, catastrophic, and excess medical expense needs, in addition to any employer-based plans they might have.
 
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