Learn what it means for a life insurance policy to mature, including when the face value is paid out, typically upon the insured's death.
Learn about Maxi Tail in liability insurance—a crucial option providing extended reporting period for claims post expiration of a claims-made liability policy.
Learn about the maximum retrospective premium, a crucial component in liability and workers' compensation insurance. Understand how this concept affects your insurance premiums and financial planning.
Discover what medical supplies are deemed necessary for the treatment of illnesses or injuries and how they are covered under health insurance policies.
Medicare is a government-run and funded health insurance plan that covers hospital and medical costs for individuals typically older than 65. Learn about Part A and Part B options.
Learn about Member Certificate in Health Insurance, which is synonymous with a Certificate of Coverage. Understand its importance and uses.
Learn about the essential supplies needed to treat mental illness, substance abuse, and alcoholism, covered under health insurance.
Learn about mixed insurers/companies in the insurance domain. Understand their structure of being owned by both stockholders and policyholders, and their scope in writing both life and health contracts.
Explore the ins and outs of a Modified Endowment Contract in Life Insurance. Understand how it operates, its unique properties, and the tax implications involved.
Exploring the term 'Modified' in general insurance, which refers to a premium that has been adjusted from the standard premium on similar policies. Learn about its implications and contexts where it is commonly used.
Explore the concept of Monthly Debit Ordinary Status Cards in life insurance, which indicates monthly debit ordinary business that is still in force and which has lapsed.
Discover the definition and significance of the mortgage clause in property insurance, a key feature in direct damage policies for mortgaged properties.
Learn about multiemployer plans, where more than one employer contributes to a pension. Discover how these plans are affected by collective bargaining agreements.
Learn about Mutualization in General Insurance. Discover how converting a stock insurer to a mutual insurer works through the process of retiring stock. Essential information for insurance professionals.
Explore the fundamentals of major medical insurance, a health insurance policy with a high deductible that covers most medical expenses. Learn about its coverage limits, participation clauses, and benefits.
Learn who qualifies as a Medicare beneficiary according to the Social Security Administration and what it means to be eligible for Medicare benefits.
Discover Medicare Select Policy, a specialized Medicare supplement that offers benefits through a specified network of providers. Learn how it can support your healthcare needs.
Learn about morbidity in health insurance, focusing on the comparative frequency of disease and its impact on policy underwriting and premiums.
Learn about multiple funding in pension plans, utilizing a separate fund and insurance cash values to secure retirement benefits.
Learn how multiple option plans in health insurance provide employees with choices among HMOs, PPOs, and major health plans. Ideal for making informed decisions about your healthcare coverage.
Learn about the market value clause in property insurance, which ensures the insurer pays the market price of destroyed property. Ideal for manufacturers with finished products.
Learn about the Midi Tail in liability insurance, an extended reporting period for claims made after a policy's expiration. Get insights on its five-year extension and specific conditions.
Discover how managed care health insurance plans work, their benefits, and the methods they use to manage healthcare expenses for employers and employees.
Understand the Master Servant Rule in legal terminology, which states that employers are responsible for the public protection from their employees' actions and can be held liable for torts committed by their employees.
