Glossary

Maintenance, cure, and wages is a concept within general maritime law that spells out the duties owed by the owner of a vessel to the crew.

Major hospitalization insurance is a health insurance coverage for catastrophic hospital expenses, subject to a large deductible.

A major life activity is a term contained in the Americans with Disabilities Act (ADA) of 1990 relating to the severity of disability necessary to qualify for protection under the Act.

Major medical insurance refers to health insurance that provides benefits up to very high limits, subject to a very large deductible.

A major shareholder exclusion is contained in some directors and officers (D&O) liability policies that precludes coverage for claims made by individuals who own a large percentage of the insured entity's stock (typically more than 5 percent to 10 percent).

Malicious code is any virus, Trojan horse, malware, worm, or any other similar software program, code, or script intentionally designed to insert itself into computer memory or onto a computer disk and spread itself from one computer to another.

Malicious prosecution is an intentional tort that arises when an attorney institutes a claim that lacks legal and factual justification.

Malpractice is a professional error, omission, or act of negligence in performing a professional act.

Malpractice insurance is for a professional practitioner that will defend professional liability suits and pay damages up to a maximum limit.

Malware is a type of software designed to infiltrate and damage a computer system without the computer owner's knowledge or consent.