Glossary

Stacking is the application of two or more policies' limits to a single occurrence or claim.

A staff model health maintenance organization provides medical care to subscribers on an exclusive basis in a centralized medical operation.

The grant of staff privileges entitles a physician to admit patients to a given hospital or allied healthcare facility (such as an outpatient surgical center) and perform certain treatments there (usually surgery).

Stair stepping is the practice of frequently raising claim reserves to cover payments that come due.

Stamp duty is a form of premium tax in overseas insurance.

A stand-alone excess policy is one that provides excess coverage according to its own terms and conditions.

Stand-alone terrorism coverage is a separate, specialty insurance policy that covers loss due to terrorism.

Standard deviation is a statistical term for measuring the expected degree of dispersion or variability among numbers in a group.

Standard exceptions are certain classes of employees in workers compensation insurance who are common to many types of business and are separately rated unless included specifically in the wording of the governing occupational classification.

Standard fire policy jurisdictions have laws requiring that all property policies provide coverage that is at least equivalent to that provided by a standard fire policy.