A general term for the hiring process used to find new employees. In the insurance business, this term is usually used to refer to the process of hiring agents.
Insurance Encyclopedia
Rectification
Process of rectifying a policy document that fails to represent the terms agreed between the parties. If an insured feels that a mistake has been made in the policy he may seek rectification and apply to the court if the insurer refuses. To succeed he will have to show that the policy does not represent the agreement and is not true evidence of the contract.
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Correction of a mistake made in drawing up a written contract.
Recurrence
In workers’ compensation cases, refers to symptoms that occur or may have been expected to occur of a previous industrial injury or illness without relationship to the current employment. This would not constitute a new injury.
Recurrent Disability
Disability resulting from the same or a related cause as a prior disability.
Recurrent disability (Health Insurance/Life Insurance)
A disability that stems from the same cause as a previous disability, or a related cause.
Recurrent disability clause
Provision in an insurance policy that details the benefits payable if an insured becomes disabled again by the same illness or condition when benefits previously were paid.
Recurrent single premium method
See: SINGLE PREMIUM METHOD.
Recurring claim provision
See: recurring clause .
Recurring Clause
A period of time during which the recurrence of a condition is considered as being a continuation of a prior period of disability or hospital confinement.
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A provision in some health insurance policies, which specifies an period of time during which the recurrence of a condition is considered a continuation of a prior period of disability or hospital conferment.
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UK: Income protection clause defining the period that must elapse before a recurrence of a prior disablement claim will be regarded as a new claim, to be admitted for benefits only when any newly commenced deferred period has ended. If the recurrence is within the defined period, the renewed disablement is regarded as a continuation of the prior claim.
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MEDICAL,USA: Provision in a health insurance policy that states the time period that must elapse between a prior illness and a current one. Benefits might be available if the current illness occurs beyond the elapsed time period. Also called recurring claim provision .
Recurring clause (Health Insurance)
A clause within a health insurance policy that specifies the time period during which a condition is considered a recurrent disability or considered a different condition.