Glossary
The actively at work provision is a group health insurance policy provision that excludes coverage for an employee who is not at work because of an accident or sickness on the date the health policy becomes effective.
Read MoreAn active life fund is an unallocated fund in a pension plan maintained for active participants included under a deposit administration plan.
Read MoreActivity standards are guidelines that focus on the efforts ("activities") made to achieve the goal, regardless of whether the goal was met.
Read MoreIn property and auto physical damage insurance, actual cash value (ACV) is one of several possible methods of establishing the value of insured property to determine the amount the insurer will pay in the event of loss.
Read MoreThe product of an actuary's study of an organization's loss experience using probability theory and other methods of statistical analysis is called an actuarial report.
Read MoreAct of God refers to an accident or event resulting from natural causes, without human intervention or agency, and one that could not have been prevented by reasonable foresight or care—for example, floods, lightning, earthquake, or storms.
Read MoreAcute care refers to short-term medical treatment for patients having an acute illness or injury or recovering from surgery.
Read MoreAcute exposure is a single exposure to a toxic substance that results in severe biological harm or death.
Read MoreAcute toxicity is the ability of a substance to cause poisonous effects resulting in severe biological harm or death soon after either a single exposure or dose or multiple exposures over a short duration.
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