Radiologic or radioisotopic procedure or other procedure that identifies bone mass, detects bone loss, or determines bone quality.
Insurance Encyclopedia
Bonus
UK: 1. A non-guaranteed benefit added to with profits life policies periodically from the divisible surplus. Once allocated, the bonuses are guaranteed and become payable at the same time as the sum insured, i.e. they are reversionary bonuses. A uniform simple reversionary bonus is proportionate to the sum insured; a uniform compound reversionary bonus is proportionate to the sum insured and accrued bonuses. Interim bonuses are added to policies becoming claims in between two declarations. A terminal bonus is added when the policy ends by death or maturity. 2. See NO CLAIM BONUS.
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MEDICAL,USA: Payment a physician receives beyond any salary, fee-for-service payments, capitation, or returned withhold from a managed care plan. Bonuses and other compensation that are not based on referral or utilization levels (such as bonuses based solely on quality of care, patient satisfaction, or physician participation on a committee) are not considered in the calculation of substantial financial risk.
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The benefits paid in addition to the sum insured. The system awards discounts for claim free policy/ies for a certain continuous period. This goes on increasing up to a certain limit for continuous claim free years.
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UK: the share of surplus allocated to holders of with-profits policies.
Bonus Cumulative
The benefits of sum insured is increased by certain percentage on every renewal of the Policy up to a maximum limit. The benefit is lost if the Policy is not renewed within a specified time period. This type of benefit is available in individual personal accident Policy.
Bonus declaration
Declaration by a life insurer as to the rate at which bonuses will be allotted to ‘with profits’ policies. The periodic declarations are usually annual and the amount declared depends on the insurer’s decision as to the amount they wish to take from profit as divisible surplus. See NO CLAIM BONUS.
Bonus Hunger
The reluctance of policyholders under an No Claim Discount system to notify claims or claim amount when faced with a potential increase in premiums.
Bonus loading
The amount added to a life insurance premium to distinguish ‘with profits’ policies from those without profits. The higher payment entitles the policyholder to participate in any divisible surplus available for bonus distribution at any bonus valuation.
Bonus payment
Additional dollar amount paid by Medicare for services provided by physicians in health professional shortage areas (HPSAs).
Bonus reserve
A reserve created by life insurers for the payment of future bonuses to with profits policyholders.
Bonus reserve valuation
A type of gross premium valuation that allows explicitly for future bonuses under with profits contracts. The terms bonus reserve valuation and gross premium valuation are regarded as alternative phrases. For some purposes (certain solvency investigations) a gross premium technique will be used with no allowance for future bonuses.
Bonus sacrifice
The sacrifice by an employee of all or part of his bonus payment. His employer pays an equivalent amount into an executive pension plan for the employee.