Category: N

a term that is used to mean that a thing is not transferable.

Refusal by the insurer or the insured to renew the coverage on an insurance plan. Usually done on the policy’s expiration date or its anniversary.

a term used to describe an injury or illness that is not as a result of working.

term applied to a person staying in a location where he is not classed as a permanent resident.

A rented, borrowed or leased vehicle that is used primarily for business.

The sale of preferred stock by the company is considered a ‘nonparticipating’ investment. The stockholder is eligible for dividend payments and the cost to initiate the fund, in addition to receiving the price of the current stock value.

A provider who is not contracted with a health plan, or one who is prohibited from participating in Medicare.

The benefits received in the form of a reimbursement when a medical service is delivered by a nonparticipating medical provider.

The neglect, failure, or refusal of payment of a debt or evidence of debt when due.

the term that is applied to damages that can’t be calculated accurately in monetary terms.