See: direct writer .
Tag: MEDICAL
Director of Insurance
See: Commissioner of Insurance .
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A term used for the leader of the department of insurance in some states.
Directors and officers liability
Type of insurance that covers directors and officers of a company for negligent acts or omissions or misleading statements that may result in a libel suit against the company.
Dirty claim
Claim submitted with errors or one that requires manual processing to resolve problems or is rejected or denied for payment.
Disability assessment
See: functional capacity evaluation (FCE) .
Disability benefits
1. Payments for loss of income to an insured who is not able to work because of total and/or permanent disability for a covered injury or illness. Also called disability compensation . 2. Optional feature to a life insurance policy that provides for a waiver of premium and in some policies payment of monthly income if proof can be furnished that the insured has become totally and permanently disabled. 3. For Social Security disability, benefits are payable to people under full retirement age who have enough Social Security credits and who have a severe medical impairment (physical or mental) that is expected to prevent them from doing substantial work for a year or more or who have a condition that is expected to result in death.
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UK: Benefits added to life or income protection policies. They may include waiver of premium during periods of disability preventing the policyholder from following his normal occupation. The term has also been applied when periodic payments following temporary disablement from working are added to a life policy.
Disability buy-out insurance
Type of disability insurance that gives funds to a business or professional partnership so that the business interest of a totally disabled partner may be bought if the disability is long term or permanent.
Disability compensation
See: disability benefits .
Disability Determination Services (DDS)
A state Social Security division office that assesses a case for disability benefits.
Disability income benefits
Payments for loss of income under a group life (permanent and total disability income), short-term disability income, or long-term disability income insurance contract.