policy

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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.
Assuming the estimated exposure for each policy year is $1 million, you can see after year one that $720,000 in exposure remains, because only 28% of this policy year's exposure was paid in the first twelve months.
PHOTO : CHART 3 FHA 203(b) Claims Paid by Policy Year (1981-86 Originations)
Thus, the number of firms in the deductible group would be too small to generate reliable results if we imposed a condition that required firms to have at least one claim match in both the pre-effect year (1991) and first policy year (1992).
Additionally, premiums have decreased 82 percent from 1993/1994 to the 1998/1999 policy year.
However, the P&I market remains competitive, and although the Club is expected to increase the standard surcharge to members for the 2010 policy year, it is unlikely to produce an underwriting profit.
The coverage is expected both for personal injury as well as for any other damages (property or pecuniary damage) amount to buy 5 000 000 and EUR shall, in any policy year 2 times available.
This occurs for most level term policies somewhere near the midpoint of the level term period (for example, around the 10th policy year for a 20-year level premium term policy).
Fidelity's negative rating outlook is primarily based on the title group's recent unfavorable operating results following the announcement of $262 million in reserve strengthening due partly to higher than expected adverse development of claims from policy years 2006 and 2007, along with a somewhat more conservative estimate of expected claims from the current policy year.
chairman of the board for RetailFirst, notes, "This is the first time the group has been eligible to receive the safety dividend, which is based on overall safety performance for the 2011 policy year.
Because there was a very high probability that the policyholder would renew the policy year after year, without any additional marketing costs.
Fidelity's revised rating outlook is based on the title group's recent announcement of $262 million in reserve strengthening due partly to higher than expected adverse development of claims from policy years 2006 and 2007, along with a somewhat more conservative estimate of expected claims from the current policy year.

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