Cause for cancellation of an insurance policy.

Geographical region in which an insurance agent has exclusive sales.
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Location where the policy coverage applies. May be restricted to the United States, its territories and possessions or could be worldwide. It depends on what exactly is being insured.

Third in frequency, rank, order, formation, or stage.

Individual entitled to the proceeds of a life insurance policy if no primary or secondary beneficiaries are living when the insured dies. Also called contingent beneficiary or alternate beneficiary .

Health care services requested by a specialist from another specialist (e.g., hand surgeon, neurosurgeon, pediatric endocrinologist, thoracic surgeon, intensive care unit). It usually requires sophisticated technologies located in a teaching hospital or university-affiliated facility that are not available elsewhere (e.g., complex cancer procedures, transplants, neonatal intensive care).

Medical facility that receives referred patients from primary and secondary care levels because of severe injury or illness. It provides tests, treatments, and procedures that are not available elsewhere. Also called tertiary care facility or tertiary care hospital .

Third-party payer that is responsible for reimbursement of an insurance claim after the primary and secondary payers have paid their share.

Summarized income rates and cost rates are calculated for each of 66 valuation periods within the full 75-year long-range projection period under the intermediate assumptions. The first of these periods consists of the next 10 years. Each succeeding period becomes longer by 1 year, culminating with the period consisting of the next 75 years. The long-range test is met if, for each of the 66 time periods, the actuarial balance is not less than zero or is negative by, at most, a specified percentage of the summarized cost rate for the same time period. The percentage allowed for a negative actuarial balance is 5% for the full 75-year period and is reduced uniformly for shorter periods, approaching zero as the duration of the time periods approaches the first 10 years. The criterion for meeting the test is less stringent for the longer periods in recognition of the greater uncertainty associated with estimates for more distant years. This test is applied to trust fund projections made under the intermediate assumptions.

Conditions required to meet this test as follows: (1) If the trust fund ratio for a fund exceeds 100% at the beginning of the projection period, then it must be projected to remain at or about 100% throughout the 10-year projection period; (2) alternatively, if the fund ratio is initially less than 100%, it must be projected to reach a level of at least 100% within 5 years (and not be depleted at any time during this period) and then remain at or above 100% throughout the rest of the 10-year period. This test is applied to trust fund projections made under the intermediate assumptions.