Medical Examination
Definition of "Medical examination"
Physical checkup required of applicants for life and/or health insurance to ascertain if they meet a company's underwriting standards or should be classified as substandard or uninsurable. Physicals are administered by medical personnel selected by the insurance company at its expense. Physicals may also be used to determine extent of disability for insurance purposes.
Popular Insurance Terms
Professional designation conferred by the International Board of Standards and Practices for Certified Financial Planners. In addition to professional business experience in financial ...
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Total number of insurance policies underwritten and issued by the insurance company that uses the same policy forms and rates. ...
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Individual or organization that is a potential purchaser of an insurance product. ...
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