Jargon Explained

    1. A
    2. B
    3. C
    4. D
    5. E
    6. F
    7. G
    8. H
    9. I
    10. J
    11. K
    12. L
    13. M
    14. N
    15. O
    16. P
    17. Q
    18. R
    19. S
    20. T
    21. U
    22. V
    23. W
    24. X
    25. Y
    26. Z

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    Green Card

    Definition

    A document that provides proof that the policyholder named on the card has the legal minimum insurance requirement of the country being visited.

    Explanation

    Used when talking about motor insurance.

    The Green Card system is operated by certain countries to make it easier and safer for motor travel between them.

    The Card itself simply provides clear and recognisable proof that the insured named on the card has the minimum insurance at least. The system is operated by over 40 countries, including all countries in Europe.

    The system is operated by the Economic Commission for Europe and is administered by each country that subscribes to the system.

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    Group leaver

    Definition

    An individual who is leaving a company medical insurance policy.

    Explanation

    Used when talking about medical insurance provided by a company for its employees.

    A typical example of a group leaver is someone who is a member of a company scheme because they're employed by an employer who provides medical insurance as a benefit. If the employee leaves to work for another company, they can no longer be a member of that scheme. If their new company does not provide health cover, AXA is able to provide the Group Leaver with medical insurance on comparable terms. The Group Leaver can choose to take out the medical insurance as an individual and then pay their own premiums.

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