A draft instrument of 1978 giving effect to the MARPOL Convention subject to certain changes.
Insurance Encyclopedia
Married
In a managed care contract, a hospital facility and a managed care plan that agree to work exclusively with each other. Also see unmarried .
Married Women’s Policies of Assurance (Scotland) Act 1880
The Scottish equivalent of the Married Women’s Property Act 1882.
Married Women’s Property Act 1882
Allows a married woman to effect a policy on her own life or the life of her husband for her separate use. The Act further provides that a policy effected by a man on his own life for the benefit of his wife and/or children, creates a trust in favour of the stated objects. The policy proceeds do not form a part of the husband’s estate or become subject to his debts. The same applies when a wife takes out the policy for benefit of her husband and/or children. The Act creates a trust of life policies where, apart from the Act, they would not be created and gives special protection against creditors.
MARS
See: Management and Administrative Reporting Subsystem (MARS) .
Martial law
The suspension of ordinary law due to war and rebellion. It is not a law in the proper sense but the exercise of will by a military commander who takes the responsibility for suspending ordinary law to ensure safety of the state. It is illegal in time of peace but, by inference, lawful in times of war or civil commotion. Insurance policies may exclude losses during a period of martial law.
Masonry noncombustible construction (Property Insurance)
Construction using masonry materials, such as brick or concrete, on the outside walls of the structure, and noncombustible materials for the roof and floor.
Mass immunization center
Location where providers administer pneumococcal pneumonia and influenza virus vaccination and submit these services as electronic media claims or paper claims or use the roster billing method. This generally takes place in a mass immunization setting such as a public health center, pharmacy, or mall but may include a physician’s office setting.
Mass marketing
Sales technique employed by insurance companies to immediately reach a vast number of potentially interested individuals.
Mass merchandising
A practice wherein a large group of individuals, such as a group of employees, all insure with the same company, and remit premiums in a lump sum.
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Plan for insuring individual members of a group, such as employees of firms or members of labor unions, under a single program of insurance at reduced premiums. Property and liability insurance is sold to individual members using group insurance marketing methods.