A person who, without having taken a written exam, is given an agent’s license for a temporary period. This period is usually 90 days or less. This type of license is usually issued to a person who is charged with finishing business left incomplete by a deceased or disabled agent, or an agent who has become an active duty member of the military.
Insurance Encyclopedia
Temporary annuity
An annuity under which the payments to the annuitant will cease at the end of a given period or at death whichever shall occur the first.
Temporary Assistance to Needy Families (TANF)
Established by the Social Security Act of 1965 and formerly known as Aid to Families with Dependent Children (AFDC) , this is a Medicaid category of certain needy and low-income people with dependent children who are deprived of the support of at least one parent and are financially eligible on the basis of income and resources. TANF provides financial assistance to children and families and to pregnant women who meet specific income and resource requirements specified by the state.
Temporary codes
HCPCS Level II codes that begin with the letters C, G, H, K, Q, S, and T and are established to meet a pressing, urgent operation need and are frequently based on new policy. Frequently, these codes are only effective until the annual update of the coding books.
temporary disability (TD)
1. Recovery period following a work-related injury during which the employee is unable to work and the condition has not stabilized. TD can be overcome by medical treatment or rehabilitation. 2. Schedule of benefits payable for the temporary disability based on the earnings of the injured worker at the time of injury with statutory minimum and maximum rates; temporary compensation (e.g., “TD was paid.”). 3. In a workers’ compensation case, situation when the worker is unable to perform usual duties for a limited period of time but is expected to recover and return to work. A worker with a TD collects TD payments as partial wage replacement during the time period he or she is unable to work.
Temporary disability benefits (Health Insurance)
Benefits mandated by law to be paid to employees who qualify due to a disability not caused by their occupations.
temporary disability insurance (TDI)
See: unemployment compensation disability .
Temporary disablement
The insured’s inability to continue working for a period following accidental injury or sickness. Most personal accident policies provide a weekly/monthly benefit for a total or partial disablement for the duration of the disablement up to a maximum period, e.g 104 weeks in the case of accident.
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UK: Inability to follow one’s occupation in whole or in part for a limited period, for which benefits may be payable under a Personal accident insurance.
Temporary Importation Bond
A bond to secure the payment of duty on goods that have been temporarily imported if for any reason they are not exported again.
temporary insurance agreement (TIA)
Form given with an insurance application that acts as a receipt when the individual applying pays the first premium to the insurance agent. Under a TIA, the insurance company promises to provide coverage between the date of prepayment and the date it notifies the applicant of its underwriting decision. Also called binding receipt, interim insurance agreement , and temporary insurance receipts .