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单词 minimum premium
释义

minimum premium

Definition
In health insurance, this term refers to an arrangement wherein the fraction of the premium that the employer pays is used to cover administration costs. The rest is saved by the insurer and eventually used to pay claims. This can also refer to a general insurance term used to mean the lowest premium an insured can be covered for under a certain policy.
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更新时间:2025/3/15 2:41:29