See: dual-choice (DC) provision .
Insurance Encyclopedia
Dual choice (Health Insurance)
A federal regulation which states that certain employers must offer an indemnity plan and an HMO. This applies to employers who have a minimum of 25 employees, who are paying minimum wage or more, who offer health care coverage, and who have a federally certified HMO in the area.
Dual coverage
See: Duplication Of Benefits .
Dual eligible
Individual who receives medical and/or disability benefits from both Medicare and Medicaid programs. Formerly called Medicare/Medicaid (Medi-Medi) . Also see Medicare/Medicaid (Medi-Medi) .
Dual life stock company
A type of life insurance company that issues participating and nonparticipating policy contracts.
Dual market contracts
Written in the Lloyd’s market, these reinsurance contracts contain elements of more than one type of risk (e.g. marine and nonmarine). The leading underwriter indicates on the slip the percentage split between the two classes.
Dual membership
Occurs when, following a pension sharing order, an exspouse, in receipt of a pension credit, becomes a member of the pension scheme in his or her own right alongside the member.
Dual option program
Insurance plan that allows an individual the opportunity to choose between joining a managed care plan or a traditional health insurance plan (e.g., indemnity insurance or a managed care organization).
Dual Rate System for Liner shipping Rebating Arrangements
If the shippers sign contract with the conference, providing it within their exclusive patronage, then they get the benefit of rates lower than the rates applicable to non-contract shippers.
Dual registration
Insurance sales representative who is licensed and registered with more than one broker.