Jargon explained
We try not to use technical jargon. If we have to use it, we then try to explain it. Here are some definitions you may find useful.
Please be aware these definitions are for information only. Product terms may vary so please also check your product documents.
A
- Ab initio
- Accidental Damage cover (AD)
- Acute condition
- Addition of dependent (AOD)
- Additional Awards
- Additional Premium (AP)
- Aggregate
- All Risks
- Annual percentage rate (APR)
- Annual Premium
- Assessed
- Associate of the Chartered Insurance Institute (ACII)
- Average condition
B
Back to topC
- Carrier
- Certificate
- Certificate of Insurance Practice
- Chartered Insurer
- Chemotherapy (Chemo)
- Chronic condition
- Claimant
- Claims and Underwriting Exchange (CUE)
- Claims benefit statement (CBS)
- Claims made basis
- Clauses
- Co-insurance
- Collection week
- Combined policy
- Commission
- Compensation
- Compensatory Award
- Complementary practitioner
- Comprehensive cover
- Compulsory excess
- Computerised Tomography scan (CT scan)
- Condition
- Condition precedent
- Consequential Loss
- Contractors All Risks Insurance (CAR)
- Contractual Liability
- Contribution
- Contributory negligence
- Convention Merchandises Routes (CMR)
- Cooling off period
- Cost share option
- Cover note
D
- Damages
- Day-patient (DP)
- De Facto
- De Jure
- Declaration Policy
- Declinature
- Deductible
- Defined peril
- Deposit Premium
- Direct Debit Instruction
- Directory of hospitals (DoH)
- Duty of disclosure
E
- Effective date
- Eligible
- Endorsement
- Escalator clause
- Evacuation
- Ex gratia
- Exception
- Excess
- Exclusion
- Extranet
F
- Fellow of the Chartered Insurance Institute (FCII)
- Financial Services Authority (FSA)
- Follow up (F/up)
- Force majeure
- Franchise
- Fraud
- Full medical underwriting (FMU)
G
Back to topH
Back to topI
- Inception date
- Increase in cost of working (ICOW)
- Incurred Claims or Losses
- Index linked / Indexation
- Indexation
- Injurious falsehood
- In-patient (IP)
- Insurance Foundation Certificate
- Insurance Premium Tax (IPT)
- Insured
- Insurer
- Interim relief
- Intermediary
- International Health Plan (IHP)
J
Back to topL
Back to topM
- Magnetic Resonance Imaging scan (MRI Scan)
- Malicious falsehood
- Material Damage cover
- Material fact
- Maximum Indemnity Period
- Medical history declared (MHD)
- Medical history disregarded (MHD)
- Member
- Mid term adjustments (MTA)
- Misrepresentation
- Moratorium basis
- Motor Insurer's Bureau (MIB)
N
Back to topO
Back to topP
- PAD notes
- Peril
- Personal adviser (PA)
- Positron Emission Tomography scan (PET Scan)
- Pre-authorised (Pre-auth)
- Pre-existing condition
- Premium
- Private Medical Insurance (PMI)
- Pro rata
- Proposal form
- Proposer
- Protective Awards
Q
Back to topR
- Radiotherapy
- Reinstatement
- Remedial treatment
- Renewal
- Renewal notice
- Repatriation
- Restorative treatment
- Risk
- Risk management
- Rolling excess
- Routine treatment
S
- Schedule
- Shortfall (S/Fall)
- Six week rule
- Small to Medium Enterprise (SME)
- Specified related condition
- Statement of fact (SOF)
- Stock in trade
- Subject to Survey
- Subrogation
- Sum Insured
- Survey
U
Back to topV
Back to topW
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