Vantage is one of the largest IPAs in California and the largest IPA in the Inland Empire, which is home to over 1,000,000 Medi-Cal and 450,000 Medicare beneficiaries. Vantage also has a presence in San Diego County.
In life insurance, the provision or endorsement that designates the owner of the policy when such owner is someone other than an insuredâfor example, a beneficiary. This clause vests ownership rights (e.g., the right to designate the beneficiary) to the specified person or entity. 1  Suggest an improvement or addition to the Insurance and Risk Management Glossary.  Buy a print version of the Insurance and Risk Management Glossary.
BREAKING DOWN 'Provision'. Provisions were created to protect the interests of one or both parties named in a contract or legal document. For example, the anti-greenmail provision contained within some companies' charters protects shareholders from the board wanting to pass stock buybacks. Although stock buybacks can be a good thing for shareholders, some buybacks allow board members to sell their stock to the company at inflated premiums.