Medically able individuals who have their own dialysis equipment at home and, after proper training, perform their own dialysis treatment alone or with the assistance of a helper.
Tag: RAW
Home responsibilities protection (HRP)
Entitlement to the basic state pension for persons unable to accept regular employment because they are caring for children or a sick or disabled person at home.
Home reversion plan
Like home income plans, but the house is sold outright to the insurance company in return for an immediate annuity and a life tenancy. The sale price is below market value and the insurance company or institution purchasing the property benefits from any increases in property value. After death nothing remains for any dependants.
Home service agent
Exclusive insurance agent who works for a home service company and who collects premiums and gives service at the policy-owner’s residence. He or she offers monthly debit life, health, and fire insurance products and products for which premiums are billed by and remitted directly to the insurance company. Some of the business may also be in industrial insurance.
Home service assurance
See: industrial life assurance.
Home service distribution system
Method used for individual insurance that hires agents to collect premiums and give service at the policy owner’s residence. The agent works in a defined geographical territory. See also home service agent .
Home service insurance (Life Insurance)
A policy of smaller value, usually $10,000 to $15,000. These policies can be paid for by bank draft or check sent by mail.
Home state of the insured
The state in which an insured maintains its principal place of business or, in the case of an individual, the individual’s principal residence or if 100% of the premium of the insured risk is located out of the previously mentioned state, the state to which the greatest percentage of the insured’s taxable premium for that insurance contract is located.
Home Trade Ship
See: “Full-Reporting Clause.”
Home-office-to-home-office arrangement
Understanding of a manufacturer and a distributor in which an insurance company selects not to offer a certain product or product line but acts as a brokerage general agent for specific product lines manufactured by another insurer.