In workers’ compensation, the point of greatest recovery after all treatment has been used within a reasonable time period to allow for optimal recovery and other physiological adjustments to occur. Also see permanent and stationary (P & S) .
***
US: Maximum Medical Improvement (MMI) is a treatment plateau in each person’s healing process. It can mean that the patient has fully recovered from the injury or that the patient’s medical condition has stabilized to the point that no major medical or emotional change can be expected in the injured workers’ condition. This occurs despite continuing medical treatment or rehabilitative programs the injured worker partakes in.
Insurance Encyclopedia
maximum medical improvement and impairment (MMI)
In workers’ compensation disability rating, it is a measurement of long-term impairment often expressed as a percentage of total body function.
Maximum out-of-pocket costs
Limit on the total medical expenses (number of copayments, deductibles, and coinsurance) that an insured must pay that are not covered under a managed care contract.
Maximum plan benefit coverage
Highest dollar amount per time period that a plan will insure. This is only applicable for service categories where there are enhanced benefits being offered by the plan because Medicare coverage does not allow a maximum plan benefit coverage expenditure limit.
Maximum Possible Loss
The worst loss that could possibly occur because of a single event. This term is typically used in property reinsurance.
Maximum possible loss (MPL)
The worst loss that could possibly occur because of a single event.
Maximum possible loss (MPL)/maximum foreseeable loss (MFL)
The largest possible loss that could occur given the worst combination of circumstances. Under a fire policy the worst case scenario would be a fire in circumstances where the automatic sprinklers and fire extinguishers failed, and the fire brigade came late to the scene. A further coincidence might be a fully stocked warehouse containing high value combustible goods. Compare with estimated maximum loss (EML).
Maximum Probable Loss (MPL)
See: ‘Loss, Maximum estimated.’
***
UK: the largest loss thought probable under an insurance policy; normally applied to material damage risks where the total sum insured is not considered to be at risk from one loss event
Maximum Probable Yearly Aggregate Loss
The largest aggregate rupee loss that is likely to occur during the year. This aggregate loss depends upon the number of occurrences per year as well as their severity.
Maximum Retrospective Premium
The highest premium which would be required for workmen’s compensation Insurance under retrospective rating plan.