What Does Franchise Insurance Mean?

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What does Franchise Insurance mean? Read on to discover the definition & meaning of the term Franchise Insurance - to help you better understand the language used in insurance policies.

Franchise Insurance

Franchise Insurance

Life or health insurance plan for covering groups of persons with individual policies uniform in provisions, although perhaps different in benefits. Solicitation usually takes place in an employer's business with the employer's consent. Generally written for groups too small to qualify for regular group coverage. May be called wholesale insurance when the policy is life insurance.

We hope the you have a better understanding of the meaning of Franchise Insurance.

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