The dollar amount of benefits that can be paid per month or over the life of an insurance policy.
Insurance Encyclopedia
Dollar Threshold
In no-fault auto insurance states with the dollar threshold, it prevents individuals from suing in tort to recover for pain and suffering unless their medical expenses exceed a certain dollar amount.
***
In no-fault auto insurance states with the dollar threshold, the threshold prevents individuals from suing in tort to recover for pain and suffering unless their medical expenses exceed a certain dollar amount.
Domain manager
Individual who must have knowledge of health information management, coding, laboratory, and pharmacy and works closely with product managers, operations staff, and quality control.
Domestic boilers/domestic purposes
Boilers not used in trade processes but this does not preclude their use in business premises exclusively for domestic’ purposes such as central heating, supplying hot water for hand washing or use in the works canteen. The term is important as the standard fire policy provides cover for explosion damage caused by boilers used for domestic purposes only. In the same way the standard fire policy covers explosion caused by gas supplied for heating, etc.
Domestic carrier
Insurance company in a specific state that has its head office (domiciled) in that state. Also called domestic insurer .
Domestic company
Insurance carrier that is incorporated under the laws of the state in which it is doing business.
Domestic corporation
Company incorporated under the laws of the state.
Domestic employees
Unlimited liability for injury to domestic employees is covered under the household contents policy. As domestic employees are employed in a household not a business, compulsory insurance does not apply.
Domestic helpline protection
See: HOME EMERGENCY COVER.
Domestic insurance company
Term used by a state to refer to any company incorporated there.
***
While an insurance company can conduct business in multiple states, it is known as a domestic insurance company in the state where it is incorporated. For example, State Farm’s incorporation is in Illinois. Therefore, in Illinois, State Farm is a domestic insurance company. In all other states where it operates, it is known as a foreign insurance company. Most states have additional financial and reporting requirements for a foreign company to ensure it is solvent and reputable.