Glossary

The mean reserve is the average of the initial and ending reserve, used in life insurance reserve estimating.

The mechanism of injury is, in workers compensation, an explanation of the injured worker's injury, preferably one that is extremely detailed.

med-mal is a common abbreviation used by insurance professionals to refer to medical malpractice.

Mediation is an alternative dispute resolution process where a neutral third person called a mediator assists adverse parties in resolving or settling their dispute.

A mediation incentive deductible provision features a reduced deductible amount and is offered within some lawyers professional liability policies.

Media liability coverage is a type of errors and omissions (E&O) liability insurance designed for publishers, broadcasters, and other media-related firms.

Media wrongful act coverage, found in some network security liability insurance policies, may cover any negligent act, error, or omission by the insured.

Medicaid is the US government welfare system administered by the states and subsidized by the federal government covering various medical expenses for those of low income, below limits set by state laws.

A medical fee schedule is a provision of most state workers compensation laws that establishes the maximum amount a healthcare provider may collect for injuries treatable under the act.

The Medical Injury Compensation Reform Act (MICRA) of 1975 is a California tort reform act, passed in 1975, that may be replicated in other states.