Insurance payment schedule that gives individuals who sell insurance information that shows the amount of a high first-year commission and the reduced amounts for renewal commissions.
Insurance Encyclopedia
High-pressure tactics (Health Insurance)
The illegal use of threats, physical intimidation, fear, or coercion to sell insurance policies. These types of tactics are often used in the marketing of policies supplementing Medicare.
High-risk area
Potential flaw in management controls requiring management attention and possible corrective action.
High-risk insurance pool
State program that helps high-risk individuals who have health problems to join together to purchase health insurance. However, because the pool members are high risk, the insurance premium rates are high even with state subsidies.
High-severity presenting problem
In CPT coding of a service or procedure, this is a problem where the risk of morbidity without treatment is high to extreme. There is a moderate to high risk of mortality without treatment or high probability of severe, prolonged functional impairment.
Highly protected risk (HPR)
A building meeting certain standards of fire protection, which is therefore eligible for a reduced rate.
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Premises or other property that meets a particular Insurer’s loss control standards required to earn low premium rates. These properties usually are protected by sprinklers and have better than average construction and occupancy characteristics.
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UK: Risks of the highest quality in terms of physical hazard. Loss prevention measures may include automatic sprinkler systems, haylon systems, water hydrants and fire and smoke alarms addressing both probability and severity of loss. HPR risks benefit from lower premiums.
Highly protected risk (Property Insurance)
A risk that is covered under a lower rate, due to above average construction and fire sprinklers.
Highway authorities
Highways Act 1959 transferred the duty to repair highways to the Secretary of State for the Environment or the appropriate local authority according to the road classification. Formerly, a local authority was not liable for injuries caused to highway users by its own non-feasance (e.g. non-repair of the surface) but this rule was abolished by the Highways (Miscellaneous Provisions) Act 1961). Previously there had been liability for misfeasance only.
Highway Research Board of India
In October 1973 the Highway Research Board (HRB) was set up under the Indian Road Congress for giving undivided attention to research and development activities.
Highway traffic act
The body or system of laws that govern the obligations of the provincial governments and users of roads. A breach or conviction of any of these laws may be an offense but does not of itself impose legal liability, but it may be relied upon in any proceeding to establish or negate any liability.