Concept information
Preferred term
premium
Definition
- A premium is a monetary payment made by an insured individual to a liability insurance carrier (insurer). This is a contractually established fee between the insured and insurer, which provides the insured (e.g., a physician) coverage for the defense and payment of medical liability claims that may arise during a set policy period according to type of policy. [Source: Encyclopedia of Health Care Management; Premium]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/premium
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}