A discount offered to the holder of an insurance which is renewable at his option to induce him to renew the policy with the same insurer
Tag: RAW
LPG Dealers Multi Perils Insurance
Comprehensive cover to suit the various requirements of LPG Dealers. The Policy covers Fire and allied perils for building/contents, burglary and housebreaking for contents, gas cylinders in transit, cash in transit/safe/counter, fidelity guarantee, pedal cycles including tricycle when covered, public liability, personal accident of insured named partner/Director/member of managerial staff/employee(s), personal accident benefits to third part is and customers, accidental breakage to plate glass in the insured premises, neon sign/glow sign. Fire Insurance on contents and burglary is compulsory.
LPG Dealers’ Public Liability Insurance
Policy covers legal liability for accident bodily injury/damage to property of third parties occurring in connection with LP Gas distribution.
LR
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating laboratory round-trip service.
LS
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating a U.S. Food and Drug Administration–monitored intraocular lens implant.
LT
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating procedures performed on the left side of the body.
Ltge
Lighter age The cost of loading or unloading a vessel by means of barges alongside.
Lump sum
Method of settlement wher the claimant or beneficiary receives the entire proceeds of the policy at once rather than in instalments. Life policies are usually settled in this way.
Lump sum (Life Insurance)
A settlement option wherein the insured or beneficiary chooses to accept the entire payout amount at once instead of in regular installments.
Lump sum certificate
Certificate ‘transferring’ pension scheme must supply when a member transfers to another scheme. The certificate shows the maximum available from the transfer payment for the new pension.