See: Early and Periodic Screening, Diagnosis, and Treatment (EPSDT) Program .
Insurance Encyclopedia
EQRO
See: External Quality Review Organization (EQRO) .
Equal access
See: Equal Treatment Rule.
Equal treatment rule/equal access
Equal treatment legislation (PA 95, s.62) came into force on 1 January 1996 following the Barber judgment. The main effect is that every occupational pension scheme will be treated as containing an equal treatment rule which will override any contrary provisions in the actual trust deed and rules of a scheme.
Equalisation provision
an amount set aside out of past or current underwriting profits to meet future underwriting losses, in particular losses arising from claims due to the occurrence of events of an exceptional nature, that is events not normally occurring every year.
Equalisation reserve (or fund)
The amount set aside to prevent exceptional fluctuations in the amounts charged to revenue in subsequent years in respect of claims of an exceptional or irregular nature (e.g. catastrophes). Amounts are added to the reserves in profitable years and released when losses are made.
Equalization Reserve
A reserve built up to provide a cushion against periods with worse than average claims experience.
Equipment
Those portion of fixed assets other than real estate usually qualified as office equipment, automotive equipment etc. to be distinguished from assets that are included under the category of fixtures by virtue of their attachment to reality, either in a physical sense or by legal interpretation.
Equipment breakdown insurance
Coverage for loss due to mechanical or electrical breakdown of nearly any type of equipment, including photocopiers and computers. Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown. Resulting business income and extra expense loss is often covered as well. Equipment breakdown insurance is increasingly replacing traditional boiler and machinery (BM) insurance, in part simply because the title is more descriptive of the coverage provided. Also, today’s equipment breakdown policies typically provide slightly broader coverage than traditional BM policies, and they usually do not use the specialized terminology found in traditional BM policies.
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Covers breakdown to covered equipment due to electrical or mechanical failure or failure of pressure or vacuum equipment. See Boiler and machinery insurance.
Equipment breakdown insurance (Property Insurance)
Commercial insurance covering any loss caused by the breakdown of machinery or other equipment.