Social Insurance

Compulsory insurance legislated to provide minimum economic security for large groups of people, particularly those with low incomes. It is primarily concerned with the costs and loss of income resulting from sickness, accidental injury, old age, unemployment, and the premature death of the head of a family. See also Legislated Coverages and Social Security

See Also: Schedule of Benefits and Exclusions; Safeco insurance; Specific Insurance; Sonic Boom; Self-Insurance; Seasonal Risk;

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