A method of noting the expiration date of a policy. The agent or salesperson may use this to remind him or herself of which policies will be up for renewal soon.
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A way of recording the date on which a policy terminates. It is used to remind the agent or sales representative of a policy coming up for renewal.
Insurance Encyclopedia
Expiration date
The date shown in the declarations page of a policy upon which coverage terminates usually at 1201 a.m.
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The date on which the policy ends.
Expiration File
A record kept by agents or insurers of the dates on which policies they have written or are servicing expire.
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A notation of the day on which policies expire, kept by agents or salespeople.
Expiration notice
Notice given to the insured of upcoming expiration of the insurance.
Expiry
Termination of a term Policy at the end of the term period.
Expiry (Life Insurance)
Ending a term life policy at the end of the coverage period.
Expiry Date
The date on which the insurance cover for a risk ceases.
explanation of benefits (EOB)
A document or voucher detailing services billed and describing payment determinations that is sent to the insured and provider. It is known in Medicare, Medicaid, and some other programs as a remittance advice (RA) ; formerly known as Explanation of Medicare Benefits (EOMB) . In the TRICARE program, it is called a summary payment voucher . A payment check is usually attached or a part of the EOB. The EOB should include details of the claim(s) submitted, payment(s), deductible status, and each insured’s responsibility to the provider. See also electronic remittance notice (ERN), remittance advice (RA) , and Medicare remittance notice (MRN) .
Explanation of benefits (Health Insurance)
A statement mailed to a policyholder that itemizes services, the amount paid for them, and the amount the patient is liable for.
explanation of coverage (EOC)
Insurance booklet or section in the insurance policy that summarizes provisions (benefits and coverages) under an insurance policy. Also called a benefit booklet, benefit plan summary , or summary plan description .