GLOSSARY OF TERMS

M TERMS

Medical: A document completed by a physician or another approved

examiner and submitted to an insurer (insurance company) in order to

provide medical information. This is usually done to determine

insurability (or lack of insurability) or is sometimes done in relation to

a claim.

Medical Expenses: Reasonable charges for medical, surgical, x-ray,

dental, ambulance, hospital, professional nursing, prosthetic devices,

and funeral expenses. What is considered reasonable is outlined in a

policy.

Medical Payments, Auto: Coverage, which is optional, under an auto

policy to pay for medical expenses for bodily injury caused by an auto

accident, regardless of fault. Coverage for persons other than the

named insured and his or her family members is typically restricted to

circumstances when they are occupants of the insured auto

Medical Payments, General Liability: A general liability coverage that

reimburses others, regardless of fault, for medical or funeral expenses

incurred as a result of bodily injury or death sustained by an accident

Mexico Coverage: Coverage which is sometimes provided under

automobile policies for the operation of an insured motor vehicle within

Mexico, usually limited to a stated number of miles from the U.S. border

Minimum Premium: The lowest amount of premium to be charged for

providing a particular insurance coverage

Misrepresentation: The act of knowingly presenting false information.

Mobile Equipment: Equipment such as earthmovers, tractors, diggers,

farm machinery, forklifts, etc., that even when self-propelled, are not

considered as automobiles for insurance purposes

Monopolistic State Funds: States or Jurisdictions where an employer

must obtain workers' compensation insurance from a state fund or

qualify as a self-insurer, as is allowed in five of the states: North

Dakota, Ohio, Washington, West Virginia, Wyoming, Puerto Rico and the

U.S. Virgin Islands

Mortality Rate: The number of deaths in a group of people, usually

expressed as deaths per thousand.

Mortality Table: A table showing the incidence of death at specified age

groups.

Mortgage Clause: Property insurance provisions granting protection for

the mortgagee named in the policy. It establishes that loss to

mortgaged property is payable to the insured and to the mortgagee

named in the policy