Voluntary associations of individuals. They must sue or be sued in the names of the members of the committee, or the officers, on behalf of themselves and all other members. Members are liable only to the extent of their subscriptions. Public liability insurances cover add the personal liability of members as well as member to member liability.
Tag: RAW
Members’ means
In addition to members’ Funds at Lloyd’s, members must prove that they have sufficient net eligible means (at least £350,000 in 2002) to commence or continue underwriting. This wealth is called upon if the premium trust funds and Funds at Lloyd’s prove insufficient.
Membership
State of belonging to a managed care plan as a subscribing member and entitled to the benefits, right, privileges, and obligations. For family coverage, this may include enrollment of eligible dependents.
Membership agreement
Formal contract with a health plan that consists of enrollment application, health statements, and certificate of coverage including any amendments. Also referred to as membership service agreement .
Membership application form
Prospective applicant’s enrollment form when applying to a health plan for health coverage. It must be signed and may serve as an agreement between the member and the health plan. Also see application form .
Membership benefits
See: benefit and benefit package .
Membership card
See: identification card (ID card) .
Membership file
Insurance company’s electronic master file of information on insured individuals such as names, certificate numbers, and contract data.
Membership service agreement
See: membership agreement .
Membership termination
Discontinuance of membership in an organisation or group. Terminates membership eligibility under a group policy or employee benefit scheme due to end of employment or other change in circumstances. Under group life policies the departing member may benefit from a continuation option.