Glossary of Terms

The Resource Center provides a glossary of insurance terms to help you understand the various insurance wordings that may appear in your quotes, cover notes & policies.

Download this guide to Understanding Health Insurance Terms

Health Insurance
Life Insurance
Property and Casualty

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Effective Date

The date on which your coverage begins.

Exclusion or limitation

A specific situation, condition or treatment that a health insurance plan does not cover or limits in coverage. This will be stipulated by the insurance Company.

Explanation of Benefits (EOB)

A written or electronic statement which gives details about how a claim was paid by the insurer. It will contain information of what was paid to you and/or the provider, and the portion of the costs you are responsible for.