An insurer owned by both stockholders and policyholders, or an insurer who writes both life and health contracts.
Insurance Encyclopedia
Mixed model
Managed care plan that mixes two or more types of medical care delivery systems (e.g., open-panel and closed-panel systems). It contracts directly with individual physicians. Also called hybrid model .
Mixed Perils
Two or more perils which simultaneously cause loss, such as when, during a sea coast storm, both wind and water damage property. Mixed perils become significant when one peril causing loss is covered by Insurance, but another is not. If it is not possible to separate the damage done by the insured peril usually the entire loss is fully covered up to other applicable Policy limits.
Mixed policy
Marine policy covering the subject-matter for the voyage and a period of time thereafter, such as a period in port.
Mixed Sea and Land Risks
As per Section 4 of the Marine Insurance Act a contract of marine Insurance may, by its express terms, or by usage of trade, be extended so as to protect the assured against losses on inland waters or on any land risk which may be incidental to any sea voyage.
Mixed syndicate
A syndicate which is made up of Names and/or MAPAs and corporate members.
Mixed syndicates
Lloyd’s syndicates made up of both corporate and individual members. Generally spread vehicles write on these syndicates alongside names. See PARALLEL SYNDICATES.
Mixed Time and Voyage Policy
A Policy combining voyage and time. An import can be covered under a Policy during transit and also for a specific length of time, say 30 days, after arrival at importer’s place.