Presumptive Disability
Definition of "Presumptive disability"
Assumption of total disability when an insured loses sight, hearing, speech, or a limb. When such a loss occurs to an insured with disability income insurance, the insurer often assumes that the individual is disabled, even if he or she later returns to work. Here insurers may pay a lump sum in addition to monthly disability payments for the maximum benefit period set by the policy.
Popular Insurance Terms
Same as term Automobile Assigned Risk Insurance Plan: coverage in which individuals who cannot obtain conventional automobile liability insurance, usually because of adverse driving ...
Section of an insurance company that evaluates claims for their subsequent payment. ...
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12-month period from the date of issue of a policy as stated in its declarations section. ...
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