Relation of earnings to insurance clause

Provision in some policies that limits the amount of benefits in which the insurance company will participate when the total amount of disability benefits from all insurers is beyond the insured’s usual earnings. Also known as participation limit .
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In disability insurance, a provision that reduced payment to the proportion of policy benefits that the insured’s earnings at the time of disability (or average earnings for two years prior to disability) bear to total disability benefits under all policies, also called the average earnings clause.

relative value studies (RVS)

Compiled list of particular rating or rank of medical services based on the intensity of the procedure performed. Each professional service listed by procedure code is given a relative value unit (RVU) and that is multiplied by a dollar conversion factor to show the monetary value for each procedure. The study becomes a fee schedule when dollar conversion factors are applied. RVS is published as a guide book to show the relative value of one procedure over another. Also called relative value scale (RVS) .