Ownership shares in a variable annuity’s separate account fund after the accumulation period ends. Annuity units are purchased with accumulation units and are used to establish benefit payment amounts. See also accumulation units.
Insurance Encyclopedia
Annul
To make or declare void or invalid, such as invalidating a contract of marriage.
ANSI 835
See: electronic remittance advice (ERA).
Answer
A statement made by the defendant in response to a complaint or action which has been brought against the defendant. It states why the defendant should not be held liable.
Antedating
Refer: “Backdating.”
Anteroposterior (AP)
Located front to back.
Anteroposterior and lateral (AP and L)
Phrase used in describing two x-ray projections or views (front to back and side) in the radiological examination.
Anthropometry
Measurement and collection of static and dynamic body measurement for use as design criteria to improve the ease of functioning, efficiency and safety of people in a mechanical system. The study of human body sizes and modes of action to determine their relationship to efficiency of operation and safety. For example, the range of the knee-heights of truck drivers has been studied to provide data useful in designing adequate clearance between brake pedals and steering wheels.
Anti-Cancellation Laws
Government laws that restrict the right of insurers to cancel insurance policies except for specific reasons.
Anti-Coercion Laws
The laws that prohibit lending agencies from requiring the placing of insurance with the agency as a condition of granting a loan.
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Usually contained in a section of the state code entitled Unfair Trade Practices, these provisions define the use of coercion as an unfair practice and, hence, a violation of the state law.