See: Boiler & machinery insurance.
Insurance Encyclopedia
Steamship Agent
A duly appointed and authorized representative in a specified territory acting in behalf of a steamship line or lines and attending to all matters relating to the vessels owned by his principals.
Steamship Line
Company is usually composed of the following departments; vessel operations container operations, tariff department, booking, outbound rates, inward rates and sales, the company can maintain its own in country office to handle sales, operations and/or other matters or appoint steamship agents to represent them doing same. Some lines have inner offices in several regions and have appointed agents in others.
Steering
Financial incentives for managed care plan members to use a panel of preferred providers. This may be done through benefits applied to the deductible, coinsurance, and coinsurance limits.
Stent
1. Compound used in making dental impressions and medical molds. 2. Mold or device made of stent, used in anchoring skin grafts. 3. Rod or threadlike device for supporting tubular structures during surgical anastomosis or for holding arteries open during angioplasty.
Step therapy
In Medicare Part D plans, requirement that a certain drug be tried before another drug is covered by an insurance plan.
Step-down unit
See: intermediate unit .
Step-rate premium
Type of insurance rating structure in which premiums may be increased at predetermined times (e.g., at renewal, policy years, or insured’s age).
Step-rate premium (Health Insurance/Life Insurance)
A premium increased at certain predetermined times in the insurance policy. This is usually done in connection with the policy existing for a certain amount of years.