policy

(redirected from policy year)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

policy

 [pol´ĭ-se]
a plan of activity or behavior that serves some end such as being expedient or beneficial.
health care policy subfield of political science covering the making and implementing of decisions by public administrators and elected legislators to improve the health and well-being of the public.

policy

[pol′isē]
Etymology: Gk, politeia, the state
a principle or guideline that governs activities in a facility that employees or members of the institution or organization are expected to follow.

policy

A statement of intent by an organisation to follow a particular course of action.

policy

Health insurance A contractual agreement between an insurer and insured, which sets forth the rights and obligations of both parties to the agreement. See Any willing provider policy, Claims made policy, Commercial policy, Major hospitalization policy, Occurrence policy, Trolley car policy, Wrap-around policy Vox populi A series of rules or guidelines promulgated by an authorizing body. See Federal policy, General policy, Guidelines, HISP policy, Local Medicare review policy, No nit policy, Mexico City policy, PHS policy, Zero tolerance policy.

policy,

n the document embodying the insurance contract.
policy holder,
n under a group purchase plan, the employer, labor union, or trustee to whom a group contract is issued. In a plan providing for individual or family enrollment, the person to whom the contract is issued.
policy period,
n the time during which an insurance contract affords protection.
policy year,
n the year commencing with the effective date of the insurance contract or with an anniversary of that date.
References in periodicals archive ?
Since 1993 the association has calculated the termination rate of the life insurance policies sold in Taiwan by policy year, and the rate is traced up to the 15th policy year.
One Year Study Periods for 1995-00 Select Period Experience by Policy Year Combined Males, Females, Nonsmoker, Smoker and Unknown Smoker A/E Ratios by Face Amount Based on 2001 VBT Policy Year 1995-96 1996-97 1997-98 1998-99 1999-00 1-2 85.
For example, Figure 1 illustrates a five-year payout pattern based upon a $1 million estimate of policy year losses.
PHOTO : CHART 3 FHA 203(b) Claims Paid by Policy Year (1981-86 Originations)
Commissioner Miller noted that if the Trump Administration does not commit now to making payments for the entire 2018 policy year, she will be forced to allow higher rates to prevent insurers ending participation in the market due to uncertainty.
5 per cent on the total mutual call for the 2011 policy year.
Even though claims for prior periods will still be in the process of settling, the financial statements will attribute [earned] premium and claims to a given policy year," noted Robison.
10) Based on dates of injury, workers' compensation employer claim rates for four distinct periods were analyzed: a pre-effect period before employers could purchase deductible policies (1991); an immediate-effect period that included the first policy year (1992) deductible policies were available; a delayed-effect period that included the second policy year (1993) deductible policies were available; and an even further delayed-effect period that included the third policy year (1994) deductible policies were available.
Where the bodily injury or property damage has occurred over many years, even though it is not visible, every policy for every policy year provides coverage.
The service calculates the monthly premiums at the start of the policy year, providing business owners with the exact amount they will pay throughout the plan year.
Limited Tenders are invited for Group Term Insurance In Lieu Of Edli (Edli Policy) For Bhel Employees For The Policy Year 2017-18
Health insurers that use a method called the "actual count method" to calculate the number of covered lives for a policy year must use that method, but they could begin counting lives under the policy as of May 14, 2012 -- 30 days after the regulations were proposed -- rather than the first day of the policy year.

Full browser ?