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Disability Insurance

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Business Glossary
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Definitions for: group disability insurance
group disability insurance

coverage of an employee group whose members receive a monthly disability income benefit, subject to a maximum amount, if illness or accident prevents a member from performing the normal functions of his job. Benefits are usually limited to a stated length of time, and the maximum monthly income benefit is usually no more than 50-60% of earnings prior to the disability, or a flat dollar amount, whichever is less.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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Industry Associations

Industry Associations
Eastern Claims Conference
Participants include claim examiners of life, health, disability, and group claims of the insurance industry. Provides education and training to examiners, managers, and officers who review medical and disability claims ...

Members: 1,100
Founded: 1977