This type of insurance covers loss sustained through forgery or alteration of outgoing negotiable instruments made or drawn by the insured drawn on the insured’s account(s), or made or drawn by someone acting as the insured’s agent. This includes loss caused by any of the following checks or drafts made or drawn in the insured’s name, payable to a fictitious entity checks or drafts, including payroll checks, executed through forged endorsements and alteration of the amount of a check or draft.
Insurance Encyclopedia
Forgery or alteration coverage form (Criminal)
A form of commercial crime insurance that protects against forgery or other modifications made to financial instruments drawn on the insured’s accounts.
Forgoing
Written agreement between a pension scheme member and his employer. The former forgoes a salary increase or takes a pay cut in return for an investment by the employer of the same amount into a pension scheme.
Form
US: A document prepared in a prescribed arrangement of words and layout. A rider, policy, endorsement, or application—all of these are forms.
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A document that completes a policy. This term can also mean an endorsement or rider.
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Pre-printed document attached to an Insurance Policy giving details of the insured exposure or tailoring the coverage to a specified exposure. Also, any rider or endorsement, such as a deductible endorsement form.
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The central document or documents of an insurance contract. Forms may be altered by endorsement.
form locator (FL)
Field positions 1 through 81 on the Uniform Bill (UB-04) paper or electronic claim form for specific billing and coding information. Every FL accepts a certain number of characters, alphabetic or numeric and symbols or spaces. For some insurance carriers, FLs may be required, preferred, or optional, depending on the data.
Form of request/expression of wish
Request by a pension scheme member that, on his death, the death benefits should be paid to the person(s) he has nominated in the request. The trustees are not obliged to follow the member’s nomination.
Form of Subrogation
An authority signed by the insured which enables the insurer to pursue his subrogation rights without having to prove them in some other way.
Formal plan (Pensions)
A retirement plan outlined in writing. Under this plan, legally enforceable rights are passed on to the eligible employees.
Formal referral
Authorization request (telephone, fax, or completed form) required by the managed care organization contract to determine medical necessity and grant permission before services being rendered or procedures performed.
Format
1. Organization or appearance of data. 2. Under the Health Insurance Portability and Accountability Act (HIPAA), this relates to those data elements that provide or control the enveloping or hierarchical structure, or assist in identifying data content of a transaction.