A Householders policy written on a mobile home which is permanently situated.
Insurance Encyclopedia
Mobile home policy (Property Insurance)
A type of homeowners insurance that is written for a mobile home in a permanently fixed location.
Modality
1. Method of application of a therapeutic agent to produce changes to biological tissue (i.e., thermal, acoustic, light, mechanical, cold packs, or electric appliances). 2. Homeopathic term for a condition that modifies drug action. 3. Specific sensory entity such as taste or vision. 4. Form of imaging such as x-ray, fluoroscopy, ultrasound, nuclear medicine, duplex Doppler, computed tomography (CT), and magnetic resonance imaging (MRI).
ModCo reserve adjustment
The net of two modified coinsurance items the interest on reserves (payable by the cedant to the reinsurer) less the increase in reserves (payable to the cedant by the reinsurer).
Mode
The value of the variable that occurs most obtain in a group of numbers.
Mode of premium payment
Method and frequency insurance premiums are to be paid (i.e., annually, quarterly, or monthly).
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The frequency of payment the policyholder has chosen; for example, annually, monthly, or quarterly.
Model bill
Sample legislation developed by the National Association of Insurance Commissioners (NAIC). States may adopt a model bill exactly as written or use it to develop their own laws.
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A bill drawn up for insurance regulatory purposes by the National Association of Insurance Commissioners with the recommendation that it be implemented by the states.
Model Life Insurance Solicitation Regulation
Official rule adopted by the National Association of Insurance Commissioners (NAIC) in 1976 requiring insurers to give consumers information that will improve their ability to select the most appropriate life insurance plan to meet their needs, an understanding of the basic features of the policy that is purchased or is being considered, and the ability to evaluate the costs of similar plans of life insurance.
Model Rules
Specimens produced by the OPB and/or the Inland Revenue for certain categories of pensions to facilitate approval and/or the issue of a contracting out certificate or an appropriate scheme certificate.
Model Rules Governing the Advertisement of Life Insurance
National Association of Insurance Commissioners (NAIC) model law that provides a set of complete guidelines that covers almost all aspects of advertisements for life insurance policies and annuity contracts.