1. When coding a diagnostic statement, identifies the condition, disease, or injury word(s) to look up in the alphabetical index of the International Classification of Diseases, Ninth Revision, Clinical Modification (ICD-9-CM) code book. 2. Alphabetical major headings printed in boldface that appear in the “Index,” which is the last section of the annually published Current Procedural Terminology code book. These main terms relate to procedures, services, organs, other anatomical sites, conditions, synonyms, eponyms, and abbreviations.
Insurance Encyclopedia
Mainstream financial activity
The FSA regulates professional firms that carry on mainstream financial activity as per the Regulated Activity Order. It includes direct advice to clients on investment and pension products, discretionary investment management and certain types of corporate finance activities such as listing and public offers. Broadly it means standalone investment advice as opposed to advice as an adjunct to the provision of professional services, e.g. legal services. Such firms must become authorised professional firms. A professional firm not conducting mainstream financial activity, whose advice is incidental to a professional activity, can become an exempt professional firm regulated by a designated professional body.
Maintenance
That act of keeping or the expenditure required to keep a property in condition to perform adequately and efficiently the service for which is issued.
Maintenance Bond
A Bond guaranteeing against defects in workmanship or materials for a stated time after the acceptance of the completed work. Two years is a common term for a construction bond.
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Guarantees that faulty work or defective materials charged to the bond principals will be corrected or replaced. A maintenance bond may be included among the terms of a performance bond.
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UK: Performance bond under which the surety guarantees that the contractor will fulfil his obligations during the maintenance period that follows completion.
Maintenance bond (Surety)
A type of construction bond that guarantees against defective materials or craftsmanship. This bond is good for a specified amount of time after the finished work has been accepted.
Maintenance expenses
Costs of keeping an insurance policy in force such as processing premium payments, making policy dividend payments, and servicing time of agents and help by customer service personnel to clients.
Maintenance period
The period after completion of a construction contract during which the contractor is responsible for maintenance issues and defects. During this period (commonly 12 months), the contractor should maintain his insurance as required by contract. Different levels of cover are available (visits maintenance, extended maintenance guarantee maintenance) depending on the specifics of the contract. See JOINT CONTRACTS TRIBUNAL; CONTRACT WORKS.
Maintenance Reserve
An amount reserved to cover costs of maintenance.
Maintenance warranty
A fire policy clause requiring the insured to maintain the premises in a good and substantial state of repair during the currency of the policy.
Major claims
Classified by Lloyd’s as loss events in excess of £20m in a reporting period and include catastrophe losses. Insurance companies may have different classifications of major losses depending upon their nature and size of business.