In workers’ compensation cases, an employee’s capability to perform work before any work-related injury or illness.

Application form used when the applicant might not be issued or will be issued with a high substandard rating that the premium will be unacceptable. Also called trial application.

Eight diagnosis-related groups (DRGs) to which cases are assigned that are based on procedure codes before classifying them to a major diagnostic category (MDC). The eight DRGs are one each for the heart, liver, bone marrow, simultaneous pancreas/kidney transplant, pancreas transplant, and lung transplant and two for tracheostomies.

Infant, regardless of birth weight, born before 37 weeks of gestation.

MEDICAL,USA: Cost of insurance coverage paid by the insured person either monthly, quarterly, or annually, to Medicare, an insurance company, or a managed care plan that keeps the policy in force.
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Payment required for Insurance. The price of insurance protection for a specified risk for a specified period of time:
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UK: sum paid by the policy holder to the insurer as consideration for the assumption of risk by the insurer (originally the additional interest paid on a bottomry bond as consideration for the loan being written off in the event of the loss of the cargo or vessel on which the loan was secured).
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The amount charged by an insurer or reinsurer as the price of granting insurance or reinsurance cover, as stated before or after the subtraction of brokerage and other deductions.
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The amount of money an insurance company charges for insurance coverage.
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US: The amount of money an insurer charges to provide the coverage described in the policy or bond. See TIC 225.001(5).
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The amount of money the insured pays the insurer to purchase insurance.
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The amount of payment due for insurance coverage that lasts for a certain time period, usually a month or a year.
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US: The sum paid by a policyholder to keep an insurance policy in force.

Loan made for the purpose of paying insurance policy premiums.
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A loan provided to the insured by the insurer. The loan is made to pay a premium and the cash value of the insurance policy is the security.

Frequency in which premiums are payable in a policy year (e.g., monthly, semiannually, annually).

MEDICAL,USA: 1. Cost of a unit of insurance coverage for an individual insurance policy. 2. Dollar amount for group insurance coverage that is stated in a master plan. Also called contract rate .
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UK: Amount charged for each unit of insurance or variable associate, e.g. turnover, reflecting the level of activity. The rate varies according to the degree risk (e.g. high, medium, low) and breadth of the cover. The rate may be per class or a rate per cent (or per mille).
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Price per unit of Insurance, usually per Rs. 100 or Rs. 1,000 per year.
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The cost of insurance, broken down to a per-unit cost.