Compensation Glossary

M

Mail-Order Prescription Drug Plan Major Medical Coverage Major Medical Insurance Major Services Majority Ownership Managed Care Managed Health Care Management by Objectives (MBO) Management Compensation Managing General Agent (MGA) Mandatary Mandated Benefits Mandator Mandatory Continuing Legal Education (MCLE) Mandatory Securities Valuation Reserve (MSVR) Manual Rates Margin Marginal Tax Rate Market Adjustment Market Based Salary Increase Budget Market Basket Market Capitalization Market Compa-Ratio Market Cycle Market Index Market Pay Data Market Pricing Market Rates Master Contract Master Plan Matching Contributions Material Fact Material Misrepresentation Materiality Matters of Significance Matured Endowment Maturity Curve Maximum Benefit Maximum Benefit Period Maximum Benefits for Related Confinements Provision Maximum Reasonable Compensation Maximum Years of Experience McCarran Ferguson Act Mean Measured Day Work Median Median - Grouped Data Medical Application Medical Expense Insurance Medical Information Bureau (MIB) Medical Necessity Provision Medical Report Medical Savings (Spending) Account (MSA) Medicare Medicare Risk HMO Medicare Secondary Payor Rules Medicare Supplement Mental Health Parity Act of 1996 Mental Health Services Merger Merit Bonus Merit Budget Merit Increase Merit Matrix Merit Pool Merit Progression Merit Rating Metropolitan Statistical Areas (MSA) Midpoint Midpoint Progression Military Service Payments Minimum Age Minimum Age Requirement Minimum Deposit Arrangement Minimum Deposit Business Minimum Distribution Rules Minimum Participation Requirements Minimum Premium Plan (MPP) Minimum Service Requirement Minimum Wage Minor Misrepresentation Misstatement of Age Provision Mix Mode Mode of Premium Payment Model Bill Model Life Insurance Solicitation Regulation Model Rules Governing the Advertisement of Life Insurance Model Unfair Trade Practices Act Modified Net Premiums Modified-Premium Whole Life Insurance Money Market Fund Money Purchase Plan Monthly Debit Ordinary Insurance Moral Hazard Morbidity Morbidity Rate Morbidity Table Mortality Charge Mortality Curve Mortality Experience Mortality Rate Mortality Table Mortgage Redemption Insurance Moving and Relocation Expenses MSA Multi-Company Representation Multi-Employer Plan Multinational Pooling Multiple Employee Welfare (MEWA) Multiple Employer Trust (MET) Multiple Line Agency System (MLA) Mutual Insurance Company Mutualization