Waiting Period
Flood Insurance
The time between the date of application and the policy effective date.
- — National Flood Insurance Glossary retrieved 2014-05-16
Health Insurance
A period of time that an individual must wait either after becoming employed or submitting an application for a health insurance plan before coverage becomes effective and claims may be paid. Premiums are not collected during this period. Effective in 2014, the ACA will limit waiting periods to 90 days.
- — Glossary of Health Insurance Terms retrieved 2014-05-18