The premium for participating in Life Insurance. If an insured elects to use his dividends to pay premiums, this becomes the net premium when dividends are subtracted from it. Contrast with Net Premium.
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Approval by a case manager or insurance company representative for a person to be admitted to a hospital or in-patient facility, granted prior to the admittance. Pre-certification often must be obtained by the individual. The goal of pre-certification is to ensure that individuals are not exposed to inappropriate health care services (services that are medically unnecessary).