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).