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.

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.

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.