Measurement in actuarial underwriting that uses age and sex risk of medical costs of a population relative to another population.

In a managed care contract, a structure of capitation payments based on members’ ages and genders. ASRs are used to calculate premiums for the purpose of group billing. Also called table rates.

Under Social Security, an individual 65 years and older whose income and resources are within supplemental security income (SSI) limitations.

Individual age 65 or older who is enrolled in the supplemental medical insurance (SMI) program.

Contract between a principal and an agent that explains the scope of the insurance agent’s authority. See agent.

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The steamship line appoints the steamship agent and defines the specific duties and areas of responsibility of that Agent.

Insurance company that markets products via independent or self-employed agents.

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An insurance company that produces business through an agency network. See Direct writer.

Formerly Agency for Health Care Policy and Research (AHCPR), which is part of the U.S. Department of Health and Human Services. It is the lead agency charged with supporting research designed to improve the quality of health care, reduce its cost, and broaden access to essential services. AHRQ’s broad programs of research bring practical, science-based information to medical practitioners and to consumers and other health care purchasers. AHRQ’s mission is to improve the quality, safety, efficiency, and effectiveness of health care for all Americans.

Method in which insurance companies use commissioned agents to sell and deliver individual insurance policies. It is the most common system and has branch office distribution and general agency distribution systems. Also called ordinary agency system.