This insurance covers claims arising from a breach of the responsibilities or duties imposed on a benefit plan administrator or a negligent act, error, or omission of the administrator. Coverage is often found in a commercial crime policy.
Insurance Encyclopedia
Field
A category of insurance; for example, the health insurance field. This term can also refer to a specific region being served by an agent or insurer.
Field Force
Field Staff : (i) The sales force of an Insurance Company. (ii) The agents and supervisory personnel of insurers who operate away from the branch office/micro office/extension counter of the company.
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MEDICAL,USA: Insurance agents who work out of an insurance company’s local or regional field offices and not at the home office.
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The agents and supervisors working for an insurance company in local offices.
Field offices
Insurance company’s local or regional sales offices.
Field underwriter
See: agent .
Field underwriting
First step in the risk selection process in which an insurance agent puts together information about the proposed insured and puts this information on an application form so that the home office underwriter can make an underwriting evaluation and decision.
Field underwriting (Health Insurance)
An initial decision by the insurance agent in the field about a prospective insured, based on whether they may meet the underwriting standards of the insurer.
FIFO
Acronym that means first in, first out. It is a queuing system in which the next item to be acquired is the oldest item (or first item) in the queue.
Fifth digit
Symbol used in the diagnostic code book titled International Classification of Diseases, Ninth Revision, Clinical Modification (ICD-9-CM) . It is used to indicate that a fifth digit is required for coding to indicate the highest level of specificity. Also see fourth and fifth digits .
Fifth dividend option
Also called additional insurance option . See additional term insurance option .