A form from the motor vehicle department that shows a driver holds auto insurance. Many states require it for high-risk drivers or before a suspended or revoked license can be reinstated.
Insurance Encyclopedia
Sr. Citizens’ Products for Health Insurance
Related to Senior citizens: Entry age is *up to 65 years* and there will not be any exit date for a policy as per Sec 12 of HIR 2016Premiums shall be fair, justified, transparent and duly disclosed upfront, as per Sec 23(i) of HIR 2016Separate claims & grievance cell, as per Sec 23(ii) of HIR 2016Health Insurance, Tertiary healthcare : Tertiary Health care is specialized consultative healthcare care, usually for inpatients and on referral from primary or secondary care providers. Tertiary Health care providers are ones who have the advanced medical facilities and professionals such as Oncology (Cancer Treatment), Organ Transplant facilities, High Risk Pregnancy Specialists etc.
SS-5
Application form used to obtain a Social Security number and card or a replacement card through the Social Security Administration.
SSP
Acronym for single service plan. See carve-out plan .
ST
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating trauma or injury.
Stability clause
a clause used in reinsurance contracts which is intended to protect the relative value of cover from inception, thus taking into account the effects of inflation on claims (also known as index clause).
Stability clause/index clause
Clause that adjusts the retention and limit provisions of an excess of loss reinsurance in accordance with the fluctuations of a published wage or price index. The clause apportions the effect of inflation proportionately between the parties. protects the reinsurer who, on the basis of unadjusted retention, would suffer the full effects of inflation. The severe inflation clause is a variant that invokes the index only if inflation exceeds an agreed level, e.g. 20 per cent.
Stabilization
Act of remaining stable and no deterioration of an emergency medical condition is likely to occur within reasonable medical probability.
Stacking
1. Situation in which an insurance policy covers two scheduled items of real or personal property and the coverage should be twice the stated limit in the policy. 2. In a retirement plan, when no effort is made to put together benefits from a public and a private pension plan—the plans are “stacked.”
Stacking of limits
UK: Applying the limits of more than one losses-occurring policy to an occurrence, loss or claim. It may occur when the same long-tail injury is deemed to have occurred in each of a number of years causing the limits of those periods to be aggregated to produce a gher limit than the insurer intended. Insurers use claims series clauses in order to attempt to trigger all claims from one original cause’ into a single year.
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Applying the limits of more than one policy to an occurrence, loss or claim. In some cases, courts have required a stacking of limits when multiple policies, or multiple policy periods, cover an occurrence.
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The application of the limits of one or more insurance policies to a claim or loss.