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1.5 Private Insurers

Private insurers cover many lines of insurance. Some specialize in health insurance (also known as accident and sickness or disability insurance); others specialize in life insurance and annuity contracts; and some sell only property and casualty insurance. Companies that write more than one line of insurance are known as multi-line insurers.

For right now, we're going to take a look at the two main classifications of insurance providers.

  1. Private Insurers
  2. Government Insurers

Some of the private insurers we are going to look at are prohibited in Florida, and some are not insurers at all, though they would appear to be.

What does the term "provider" mean?

First we'll take a closer look at the types of private insurers listed in the above table; then we'll move on to government insurers.