MATERIAL MISREPRESENTATION
A misrepresentation that would effect the insurance company’s evaluation of a proposed insured.
MEDICAL EXPENSES INSURANCE
Insurance usually taken out when travelling abroad, covering the cost of treatment, extra travel, accommodation costs and air ambulance home. Often purchased as part of a travel package
MORTALITY TABLES
Charts that show the death rates an insurer may reasonably anticipate among a particular group of insured lives at certain ages.
MORTGAGE INSURANCE
A contract that insures the lender against loss caused by a mortgagor’s default on a government mortgage or conventional mortgage.
MORTGAGEE CLAUSE
A clause in an insurance policy that makes a claim jointly payable to the policyholder and the party that holds a mortgage on the property.
MUDSLIDE
A mudslide is a slippage of mud because of poor drainage of rainfall through soil. An underlying cause is often deforestation or lack of vegetation.
MULTI PERIL INSURANCE
Personal and business property insurance that combines in one policy several types of property insurance covering numerous perils.