FRANCHISE INSURANCE
\fɹˈant͡ʃa͡ɪz ɪnʃˈʊ͡əɹəns], \fɹˈantʃaɪz ɪnʃˈʊəɹəns], \f_ɹ_ˈa_n_tʃ_aɪ_z ɪ_n_ʃ_ˈʊə_ɹ_ə_n_s]\
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A group plan for groups too small to get typical group coverage. The plan issues members an individual contract with individual underwriting and the same provisions for all. Members typically have the employer's approval. Known also as wholesale insurance.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.