Month, day, and year when an insurance policy must be reestablished for another time period. Insurance rates may possibly be increased. An option is to obtain other coverage or decrease insurance benefits.

Monthly, semiannual, or annual premium payment after the initial premium has been paid.

Clause in an insurance policy that either gives the insured the right to continue insurance coverage or allows the insurance company to refuse to renew coverage, cancel coverage, or increase the premium.

Insurance company’s evaluation of the premium and claim expense for a group plan to determine if a rate change needs to be made.

Visit made by the insurance company’s insurance agent to the insured to discuss an existing policy and give any additional service that may be warranted.

Evaluation of the premium and claim expense of an existing policy to set renewal premium rates and create terms for the next year of insurance.

Insurance policy that gives coverage for a dwelling occupied by a renter that gives coverage against explosion, fire, hail, riot/civil commotion, theft, vandalism, volcanic eruption, windstorm, and accidental discharge of steam from a heater.

Term that refers to informal revisiting of a claim payment decision that has been made by a Medicare fiscal intermediary. Situations for reopening are (1) after appeal rights are exhausted, (2) after the time limit for requesting an appeal has expired, (3) 12 months to 4 years after the date of the initial decision, (4) when a decision is unfavorable, (5) to correct a clerical error for fraud, or (6) in response to a court order. Also called revisit .

1. Remedial action taken after all appeal rights of a denied insurance claim are exhausted, to reexamine or question the correctness of a determination, a decision, or cost report otherwise final. 2. To resolicit an insurance plan to an employer for enrollment of his or her employees who were not previously enrolled.

Insurance claims in which information has been changed, corrected, and resubmitted and is not the same as a duplicate claim.