Within These Two Broad Categories,what Are the Four Basic Types

question 42

Essay

Within these two broad categories,what are the four basic types of health insurance?

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Definitions:

Money Damages

A sum of money awarded in compensation for loss or injury in a civil lawsuit.

Breach of Contract

The failure to perform any term of a contract, agreement, or settlement without a legitimate legal excuse.

Privity of Contract

The relationship between parties in a contract that allows them to sue each other but prevents any third party from doing so.

Novation

The act of replacing an existing contract with a new one, wherein all parties agree to make the switch.