Insurance provision that allows the insured to choose any licensed health care provider for medical services.
Insurance Encyclopedia
Free cover
The maximum amount of death or disability cover which an insurer covering a group is prepared to insure for each individual without production of evidence of health.
Free Days
All consignments will be allowed storage in the docks free of demurrage for four days (three days in Bombay port) following the General Lading Date declared by the Docks Manager. For computing the number of free days. Sundays and Dock holidays declared will be omitted. The Docks Manager is empowered to grant extension of Free days in following cases: Where the entire consignment has landed subsequent to General Lading Date declared for the vessel’s cargo;Where a part of the consignment is discharged after the expiry of the free days.For consignment of wines, spirits, liquors, the general lading date will be the on which the last package of the consignment is discharged.Free In : Cost of loading a vessel is borne by the charterer.
Free examination period
Specific amount of time after delivery of an insurance policy by the agent during which the policy owner may look the policy over and return it to the insurance company for a complete refund of the first premium payment. Usually, complete insurance coverage is provided during this time period. Also called 10-day free look .
Free flap
Section of tissue is detached from its base but its arterial and venous components are reattached. CPT codes include 15756 to 15758.
Free from Particular Average (FPA)
A clause whereby cover excludes partial losses unless the vessel has been stranded, sunk, burned or in collision with another vessel regardless of whether such losses were actually caused by these perils. This ‘major casualty’ partial loss insurance is the substance of Institute Cargo Clauses (C) used particularly for bulk cargoes such as grain.
Free in and Out (FIO)
Cost of loading and unloading a vessel is borne by the charterer.
Free Limits
(i) The geographical area within which the holder of a Health Insurance policy is covered without payment of additional premium. (ii) Limits of amount up to which an insurance cover will be granted automatically.
Free look
Period of time, usually 30 days, when an individual can try out a Medigap policy. During that time, if the individual changes his or her mind about keeping the policy, it can be cancelled and any money paid is refunded.
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A period of time (usually 10, 20 or 30 days) during which a policyholder may examine a newly issued individual policy of life or health insurance, and surrender it in exchange for a full refund of premium if not satisfied for any reason.
Free look (Health Insurance/Life Insurance)
A specified time frame during which the insured may scrutinize a recently purchased policy and relinquish the policy if he or she finds it unacceptable. This time frame is often between ten and 30 days.