Page 7 - Glossary of Terms flipbook
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substandard case a case where the annuitant has a lowered life expectancy and therefore, a lower
cost rating for his/her age. In these cases, the age of the annuitant used to figure
the cost of an annuity is increased due to medical records.
third party administrator a company that is paid a fee to handle/adjust the claims for an insurance
company, or a self-insured entity.
workers' compensation case a case involving any workers' compensation claim or injury on the job, outlined
under IRS Section 104(a)(1).
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