Insurance and Contractual Agreement
n
The
insurance model is based upon a contractual agreement between various insurance
entities. The insurance company enters into a contract with the provider and
the plan sponsor. Once a contract is signed, the insurance company sends the
insurance policy to the plan sponsor who forwards the policy to its employees.
The plan sponsor, in turn, pays a timely premium to retain the policy.
Additionally, the employee also receives a copy of the same policy from the insurance
company.
0 comments:
Post a Comment