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.AA |. A legal clause or condition contained within a contract that requires or prevents either one or both parties to perform a particular requirement by some specified time.