C - GLOSSARY - Cancellation: The termination of an insurance policy before its expiration date, either by the insurer or the policyholder. - Claim: A formal request made by the policyholder to an insurance company for coverage or compensation for a covered loss or policy event. - Coinsurance: A cost-sharing agreement between the insurer and the insured, where the insured pays a specified percentage of the cost of covered services after the deductible is met. - Coverage: The extent of protection provided under an insurance policy, detailing what risks or losses are covered. - Copayment: A fixed amount paid by the insured for a covered health care service, typically at the time of service. - Catastrophic Coverage: A type of insurance that provides protection against large, unexpected events, often with high deductibles and lower premiums. - Certificate of Insurance: A document that provides evidence of insurance coverage, summarizing the key aspects of the policy. - Claimant: An individual or entity making a claim under an insurance policy. - Conditions: Provisions in an insurance policy that outline the responsibilities of both the insured and the insurer. - Collision Coverage: An optional auto insurance coverage that pays for damage to the policyholder's vehicle resulting from a collision with another vehicle or object. - Comprehensive Coverage: Auto insurance that covers damage to the policyholder's car from non-collision events, such as theft, fire, or natural disasters. - Concealment: The act of intentionally withholding information that is material to the risk being insured. - Contingent Beneficiary: A secondary beneficiary named in a life insurance policy who will receive the benefits if the primary beneficiary is unable to do so. - Cost of Insurance: The amount charged by an insurer to provide coverage, often influenced by factors such as risk level and policy type. These terms are crucial for understanding the various aspects of insurance policies and the responsibilities of both the insurer and the insured."