Glossary

The multi-period excess earnings (MPEE) method is a financial valuation model often used in valuing customer-related intangible assets that estimates revenues and cash flows derived from the intangible asset and then deducts portions of the cash flow that can be attributed to supporting assets, such as a brand name or fixed assets, that contributed to the generation of the cash flows.

Multiemployer pension and benefit plans refer to employee pension and welfare plans involving more than one employer.

Multiple coordinated policies are an arrangement of workers compensation insurance coverage typically used in the residual market to ensure that workers leased through an employee leasing company/professional employer organization (PEO) are afforded coverage without gaps or overlaps.

The multiple employer welfare arrangement (MEWA) is an employee welfare benefit plan involving two or more employers or any other arrangement that is established or maintained for the purpose of offering or providing participants or their beneficiaries, through the purchase of insurance or through self-insurance, medical, surgical, or hospital care or benefits.

Multiple indemnity refers to a life insurance policy provision that specifies the payment of some multiple of the face value (e.g., 100 or 200 percent) when the insured's death is caused by certain types of accidents.

Multiple protection insurance is a combination of whole life and term insurance paying some multiple of the amount of protection.

While traditional insurance contracts have one trigger—a physical event or occurrence that activates coverage—multiple trigger contracts are designed to respond to both physical hazard-type events and resultant financial movements.

Multiplied damages are damages awarded based on a statutory directive.

Mutualization is the process of converting a stock insurer into a mutual insurer.

Mutual additional insured status arises when parties agree to name each other as insureds on their respective insurance policies, with the intent that each party (the named insured) provide primary coverage to the other (as an additional insured) for damages arising out of the named insured's negligence.