See: ‘Loss, Maximum estimated.’
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UK: the largest loss thought probable under an insurance policy; normally applied to material damage risks where the total sum insured is not considered to be at risk from one loss event
Tag: REFERENCE
Maximum taxable amount of annual earnings
See: maximum tax base .
Means
See: lloyd’s members means.
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The minimum level of wealth that a member must demonstrate he, she or it has in order to underwrite at Lloyd’s. The means of all members must be held in approved form and must be maintained in value so long as the member has actual or potential outstanding underwriting liabilities.
Medblogging
See: medical blogging .
Medicaid-only managed care organization (MCO)
See: Medicaid managed care organization (MCO) .
Medical application
See: application form .
Medical biller
See: insurance billing specialist .
Medical capitation plan
See: independent practice association (IPA) .
medical cost ratio (MCR)
See: loss ratio .
Medical directive
See: living will .