Inspection is also insisted on before acceptance of military disposal vehicles and where requests are received for conversion from third party risks only policy to package covers at renewal or during the currency of the policy.
Insurance Encyclopedia
Military identification card
Card issued to active duty service members that may be used to present to providers when seeking medical care under the TRICARE Prime Remote program (see Figure M-2 ). Also known as a sponsor identification card .Military identification card for an active duty individual in the armed forces. It is used as the identification card for the TRICARE Prime Remote Program and is considered a sponsor identification card.
Military or usurped power
This includes ‘not only the acts of foreign enemies engaged in warfare within the realm or of subjects of the Crown engaged in internal warfare, but also the acts done by forces of the Crown in repelling the enemy or suppressing a rebellion. There must be something in the nature of warfare, something more in the nature of war or civil war than of riot or civil commotion. The risk is excluded in standard property insurance on the grounds that governmental authorities are responsible for law and order.
Military retiree (service retiree)
Individual who is retired from a career in the armed forces; also known as service retiree .
Military service wage credits
Credits recognizing that military personnel receive other cash payments and wages in kind (such as food and shelter) in addition to their basic pay.
Military suspension
Interruption of insurance coverage during the time period in which an insured is in the military.
military treatment facility (MTF)
Under the TRICARE program, all uniformed service hospitals. MTF also refers to certain former U.S. Public Health Services (USPHS) facilities now designated as Uniformed Service Treatment Facilities (USTF). Also known as military hospitals or uniformed service hospitals .
Mill construction
Also called ‘slow burning.’ A building with thick brick walls, floors of three or four-inch planks, on eight or twelve inch wood posts and girders, no concealed space behind interior finish.
Mill construction (Property Insurance)
Construction that meets particular specifications or standards that are higher than average. Buildings such as warehouses that meet these standards qualify for reduced rates on fire insurance
Million Dollar Round Table (Life Insurance)
An association for life insurance agents who have qualified for membership by selling a minimum of $1 million of coverage. Other criteria include that the agent be a member of the National Association of Life Underwriters.