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Some useful information about insurances, policies and programs:

Commercial insurance companies began offering accident and sickness insurance (disability insurance) as early as the mid-1800s. Hospital and medical expense policies were introduced during the first half of the 20th century. The first group medical plan was purchased from The Equitable Life Assurance Society of the United States by the General Tire & Rubber Company in 1934.

A compulsory excess is the minimum excess payment your insurer will accept on your insurance policy. Minimum excesses do vary according to your personal details and driving record and by insurance company.



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