System of establishing the insurance company that is the primary carrier for dependents when both parents have health insurance plans. Also see birthday law .
****
One method of determining which parent’s medical coverage will be primary for dependent children: the father’s coverage will automatically be considered primary and will pay first.

Type of undivided account that was formerly used by life and health insurance companies to handle all incoming funds. Beginning in the early 1960s, other types of accounts came into use such as separate accounts.
****
An investment portfolio used by an insurer for investment of premium income. This portfolio generally consists of safe, conservative, guaranteed investments.

Investigative division of the United States Congress that reports to the Congress about studies assigned by Congressional committees or those mandated by legislative provisions.

Part of the insurance agency system for selling individual life insurance. Each field office is independent and under contract to the insurance company. The office is directed by a general agent who employs a staff and pays the salaries and office expenses. Sales agents contract with the general agent and not the insurance company. Usually the insurance company pays all commissions to the general agent who retains a portion of each commission (overriding commission) and the remaining commission is paid to the sales agent. However, some offices use a different procedure and pay commissions directly to the sales agents and overriding commissions directly to general agents.

Insurance company representative licensed by the state that is under contract with an insurance company and sells insurance policies and services the policyholder for the insurer. Usually a general agent is in charge of a field office of the insurance company that uses a general agency distribution system and is compensated primarily by an overriding commission. Life insurance agents may also be called life underwriters . Also called insurance agent or insurance broker .

Absence of consciousness brought on by various anesthetic medications administered by inhalation or intravenous injection. General anesthesia can be administered only by an anesthesiologist, anesthesia assistant, or a certified registered nurse anesthetist.

Any all-purpose patient care unit in a hospital facility that is not designated as intensive care unit, critical care unit, or intermediate care unit.

One of four periods during which an individual can enroll in Medicare Part A. This period is from January 1 through March 31 of each year. The Medicare Part A coverage is effective July 1 after the GEP in which he or she is enrolled.