Act of an individual who regularly engages in collecting money owed or any persons who sell or offer to sell forms for collection of money owed.
Tag: USA
Debt collector
Individual who regularly engages in debt collection for themselves, an employer, or others and includes persons who sell or offer to sell forms represented to be a collection system.
Debtor-creditor groups
Group composed of lending institutions such as banks, credit unions, savings and loan associations, finance companies, retail merchants, and credit card companies and their debtors.
Debug
To remove errors from a software program or the computer itself.
Decapitation
Insufficient payment by a managed care plan in which physicians and hospitals are paid a fixed, per capita amount for each patient enrolled over a stated period of time, regardless of the type and number of services provided; inadequate reimbursement to the hospital on a per-member/per-month basis to cover costs for the members of the plan.
Decedent
MEDICAL,USA: Individual who has died.
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Same as deceased.
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Synonym for deceased.
declaration of readiness (DOR) to proceed
In workers’ compensation cases, a formal statement that a legal party is ready to proceed to hearing on issues and lists efforts made to resolve the issues.
Declination
MEDICAL,USA: Act of an insurance company’s refusal (rejection) to insure a person after evaluating the insurance application, usually for reasons of the health or occupation of the applicant.
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The act of rejecting an application for insurance.
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The insurer’s refusal to insure an individual after careful evaluation of the application for insurance and any other pertinent factors.
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US: The insurer’s refusal to insure an individual after careful evaluation of the application for insurance and any other pertinent factors.
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When the insurer declines an application for coverage.
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UK: A refusal by the insurer to accept a proposal for a new insurance or renew an existing policy. Refusals have to be disclosed in future applications for insurance. The right to decline at renewal does not apply to permanent contracts.
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The refusal by an insurer of a proposed insurance.
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The refusal of an insurer or reinsurer to offer terms of cover.
Decrease in coverage
Reduction of insurance benefits by the insurance company.
Decreasing term insurance
Type of term life insurance in which the amount of death benefit (coverage) decreases from the date the policy comes into force to the date the policy expires.
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UK: A term insurance under which the sum payable on death decreases each year by predetermined amounts. If the insured survives the whole of the policy term nothing is payable by the insurers who retain all premiums. See FAMILY INCOME BENEFITS; MORTGAGE PROTECTION.