Short Shipped

Cargo manifested but not loaded.

Short tail

Additional coverage that may be purchased under a claims-made policy that responds to losses that may have occurred during a policy period but are not reported until after the end of the policy period. Usually available for no longer than a year.

Short tail business

types of general insurance business in which claims are generally reported and settled within a short time after the occurrence (contrast long tail business).

Short Term Disability Income Insurance

A personal accident or health insurance policy that pays benefits to a disabled person for a specified period not exceeding two years and usually not more than six months.

Short term disability income policy (Health Insurance)

A policy that provides disability income for a short term period, which is usually defined as less than two years.

Short term disability insurance (Health Insurance)

A type of disability policy, issued to either a group or an individual, which typically covers disabilities that last between 13 and 26 weeks.

Short Term Policy

A policy written for a period of less time than is normal for that type of policy.

Short-form reinstatement application

Document completed for reinstatement of an insurance policy 30 to 90 days after the end of a grace period. To safeguard against reinsuring someone whose conditions may have changed, the insured must answer some questions.

Short-rate cancellation

When an insurance contract is terminated prior to its expiry date by the insured any return premium that is payable will usually be calculated on a time on risk basis. The result is that the insured will receive less return premium than would be the case if the return premium was calculated on a pro rata basis (see pro rata cancellation).
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Short-stay hospital

Medical facility with patients who have an average length of stay less than 30 days.