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.
A supermajority provision is a contract provision that states that, for certain business actions, a super majority vote is needed. This differs from a simple majority. A supermajority provision is most often utilized in cases of mergers and acquisitions. For instance, when a target company is thinking about completing a merger, there typically needs to be a favorable supermajority vote in order for the merger to pass. Oftentimes, a supermajority is two-thirds of the vote; however, it may vary from case to case.