(i) To develop, publish and put into effect insurance rates or forms. (ii) to make public, by publishing or announcing, the fact that a statute or rule of court is a legal order or direction enforceable by law, and violation of such is punishable as provided by law.
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The steps of publicizing of insurance rates, from development to publishing and then setting them into effect. This term can also refer to the act of publicizing a legal order.
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To develop, file, publish, and put into effect insurance rates or forms.
Insurance Encyclopedia
Proof
The act of substantiating another act, such as a claim for insurance payment.
Proof of age certificate
Official document(s) that report the birthplace, date of birth, and parents’ full names and home addresses such as a certified copy-of-birth record or a document supplied by a federal government agency during the census period that followed birth. This document may be required for a child participating in Little League in certain locations.
Proof of Delivery
Add-on-service in express market, delivered either by phone or courier. Often offered free.
proof of eligibility (POE)
Evidence or process to verify that a patient is entitled to medical benefits in an insurance plan or program.
Proof of Loss
(i) A form that must be submitted by the insured, except in connection with liability losses, providing information on the nature and extent of the loss and the claims being made by the insured and given to the Insurance Company. The purpose of it is to place before the Company sufficient information concerning the loss to enable it to determine its liability under the Policy or bond.
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A form that must be submitted by the insured, except in connection with liability losses, providing information on the nature and extent of the loss and the claim being made.
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A statement taken from the insured by the insurer, regarding the details of their loss. The insurer uses the information gained to determine their liability for the loss.
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MEDICAL,USA: Documentation needed by the insurance company from the insured to prove that a claim is valid (e.g., death certificate for life insurance, completed insurance claim form, itemized bills for health services received, repair estimate from automobile body shop, police report).
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US: Documentation presented to the insurance company by the insured in support of a claim so that the insurer can determine its liability under the policy. Documentary evidence required by an insurer to prove a valid claim exists. It usually consists of a claim form completed by the insured and the insured’s attending physician. For medical expense insurance itemized bills must also be included.
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Following a loss, a formal statement given by an insured to the insurer that includes details of the loss such as the original cost of damaged or destroyed property.
Proof of mailing
Often required by states for cancellation or nonrenewal notices. It could be a manifest from the post office or certified mailing receipts.
Proof of service
In workers’ compensation cases, evidence submitted by a process server that he or she has successfully delivered a legal document to a defendant in an action. Also called return of service.
Proper care
See: Due Care.
Proper claim
Insurance claim that is submitted to the insurance carrier in a timely manner and meets all other claims filing requirements of the third-party payer (e.g., mandatory second opinion or prior authorization or approval before treatment).