Accident & Health
Agent Continuing Education
Bank Draft Account
Accidental Death Benifit (Rider on a life policy)
Adding new benefits to an existing policy - (not to be confused with Bill With)
Any Person authorized to transact insurance on behalf of American Income
Annualized Life Premium
Application submitted without any money or production to the agent. Trial Applications are ALT status.
ALT - DECLINE
Application is deemed possibly uninsurable before it is sent to Waco. Underwriting will review to see if the application can be underwritten.
ALT - EXPEL
Application is to be withdrawn/cancelled and the money is to be returned.
Annualized Premium(All Policies)
Attending Physician Statement (Medical Records).
Basic Agent Training
Bill this policy with an existing policy. Not to be confused with ADD ON.
(Any transportation operated by a licensed professional, on which payment is exchanged for it's use)
Coronary Artery Bypass Graft ( Heart Bypass)
Coronary Artery Disease
Consolidated Agency System
Cash On Delivery. Amount required to be collected to deliver policy.
An Agent who has $6000 of ALP in force
A policy assigned to an agent for the purpose of payment of commissions
Chronic Obstructive Pulmonary Disease
Cash with Application
Cerebrovascular Accident (Stroke)
Decline of Trial Application with Money
Decline or Incomplete of Trial Application
Alcohol Exam Paramedical exam requested by underwriting to evaluate an applicant's health. Height, Weight, and blood pressure are measured. A urine specimen is always collected. Some applicants require additional tests such as an EKG or Blood sample.
Policy Death Benefit
General Agent Second Level of management
GROSS TO NET ALP
submitted less policies not accepted by client
High Blood Pressure (Hypertension)
Insulin Dependent Diabetes Mellitus
A policy that is on active status or has accepted a non-forfiture option
Unsigned amendment required to deliver policy
Signed amendment required to deliver policy
Liver Function Test
Managing Agent Training
Monthly Bank Draft
Medical Exam (see exam)
Master General Agent Third Level of Management
MI Myocardial Infarction (Heart Attack)
Not taken out. Delivery requirement was not received. All money collected has been returned to the applicant.
Oral Test Test the agent can perform at the time of the application to prevent the need for an examination. Oral tests can detect Cotinine (nicotine), Cocaine and HIV.
The percentage of policies that remain in force
Policy Modification Letter. Attached to all modified policies. This is a description of the modification for the agent to use in delivering the policy.
Policy Modifications (Rated & Amended Policies)
Percutaneous Transluminal Coronary Arteriography ( Angioplasty )
Peripheral Vascular Disease
Trial Application that has been resubmitted
RESCIND To take away a contract. This is only done when it is determined that material information was not disclosed on the original application.
Retention is a ratio of how much submitted business pays through the 4th month. It is a rolling evaluation period that is determined by going back 6 months from current month, and the submit months being evaluated are the 6 months prior to that month. For example, April 2002 AP&P reports reflect an evaluation period of May 2001 to October 2001. Any application submitted during those months is being evaluated to determine if premiums were paid through the 4th month. If so, there is a positive impact to retention. If not, there will be a negative impact. Policies can be reinstated to improve retention, however, the positive impact is to the original writing agent even if recoded at time of reinstatement.
Regional General Agent Fifth Level of management
Rate Per Thousand
Supervising Agent First Level of management
State General Agent Forth Level of Management
Transient Ischemic Attack (mini - stroke)
Another name for APS (medical records)
Within Normal Limits