Accident And Sickness Insurance Act

Dictionary Says

Definition of 'Accident And Sickness Insurance Act'

This is a Canadian government statute that defines the acceptable terms and conditions of  health insurance coverage and sets out guidelines to which these policies must conform. It is now known as the Uniform Accident and Sickness Insurance Act, which is the model law adopted by the Canadian Council of Insurance Regulators (CCIR). The model legislation has been enacted, with minor variations, by all Canadian provinces.
Investopedia Says

Investopedia explains 'Accident And Sickness Insurance Act'

In Canada's extremely competitive life and health insurance market, the enactment of national laws and the ability to establish uniform standards agreed-to by all the provincial governments was a feat of great magnitude. It serves as a model for other nations with decentralized standards and licensing requirements.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Health Insurance

    A type of ...
  2. Accident And Health Benefits

    Fringe benefits ...
  3. Health Insurance Portability And ...

    An act created ...
  4. Concealment

    As it relates to ...
  5. National Average Wage Index - NAWI

    An index ...
  6. 403(b) Plan

    A retirement ...
  7. Financial Intermediary

    An entity that ...
  8. Agent

    1. An individual ...
  9. Guaranteed Investment Contract - GIC

    Insurance ...
  10. Premium

    1. The total ...

Articles Of Interest

  1. How To Choose A Healthcare Plan

    HMOs? PPOs? CDHPs? We'll clear up the confusion so you can find the right coverage.
  2. Find Secure And Affordable Post-Work Health Insurance

    Learn how you can avoid financial catastrophe - without Medicare.
  3. 20 Ways To Save On Medical Bills

    Handy tips to cut the cost of hospital bills, co-pays, prescription drugs and more.
  4. Buying Private Health Insurance

    Getting your own policy isn't easy or cheap but in some cases, it's well worth the effort.
  5. The Disability Insurance Policy: Now In English

    Learn to translate this complicated policy so you can rest assured you're covered.
  6. Market Capitalization Defined

    Find out the differences between mega-, large-, mid- and small-cap stocks and how each suits different investing styles.
  7. In Small Business, Success Is Spelled With 5 "C"s

    Incorporating these steps will help your business thrive in a competitive market.
  8. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
  9. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.
  10. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center