The area a health care plan is allowed to service. This area is set by the state regulatory agencies.
Insurance Encyclopedia
Service benefit
A contract benefit which is paid directly to the provider of hospital or medical care for services rendered.
Service benefit program
Program (e.g., TRICARE) that provides benefits without a contract guaranteeing the indemnification of an insured party against a specific loss; there are no premiums.
Service benefits
Health insurance coverage and/or medical and surgical services without cost limitations to the insured.
Service benefits (Health Insurance)
Benefits provided by a service association. These benefits are issued according to days of coverage, instead of the maximum dollar amount as is done by an insurer.
service bureau
Organization that offers data processing of insurance claims and time-sharing services for hospital facilities and physicians.
Service Business
Insurance business from outside an Insurer’s home country undertaken Directly from that home country. Also known as cross-frontier business.
Service category definition
General description of the types of service provided under the service and/or characteristics that define the service category.
Service Company
A ‘service company coverholder (referred to in the Code simply as a “service company”)’ is an approved coverholder which Lloyd’s has agreed can be classified as a “service company” by reason of it being a wholly owned subsidiary of either a managing agent or of a managing agent’s holding company and which is normally only authorised to enter into contracts of insurance for members of its associated syndicate and/or associated insurance companies.
Service Contract
A contract between a shipped and an ocean carrier of conference, in which the shipper makes a commitment to provide a minimum quantity of cargo over a fixed time period.