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What does 'circa' mean?
What is the difference between a calendar year and a policy year?
What does per calendar year mean in insurance?
What is a fiscal year for insurance?
Oct 25, 2023 · What does calendar year mean for insurance? In insurance, a calendar year dictates the period during which certain financial thresholds like deductibles or out-of-pocket maximums must be met. It also can dictate the timeframe for certain benefits, such as the number of covered checkups.
Aug 11, 2011 · Julius Caesar visited this area circa 50 BC. Usage notes: Used only before a date or measure, never after. Note, two things, it's only used before a date or a measure. This means that if you were to use for location, it would be improper. E.g. Circa the Pacific Highway would be incorrect.
- I wouldn't say it's always appropriate. Typically you only see it for dates (for example, "she was born circa 1920"). The Wiktionary article on 'c...
- Wiktionary states: circa approximately, about Julius Caesar visited this area circa 50 BC Usage notes : Used only before a date or measure, neve...
- It has always been my understanding that circa is properly used only when exact dates are unknown or disputed. (I will concede to my betters abou...
Nov 17, 2023 · A fiscal year for insurance refers to the financial year used for accounting purposes by the insurance company, which may differ from the calendar year. Calendar Year vs Policy Year While a calendar year is the standard year, a policy year refers to the 12-month period covered by an insurance policy, which may start and end on any date.
The term circa is commonly used to indicate an approximate or estimated date or time period of something. It comes from the Latin word "circa," which means "around" or "approximately." When you see the abbreviation "c." before a date, it signifies that the date provided is not exact but is close to the actual time frame.
Feb 21, 2024 · Backdating insurance refers to the practice of setting the effective date of an insurance policy to a date prior to the policy’s actual issuance. This means that the coverage provided by the policy will extend to events that occurred before the policy was created.
Oct 8, 2021 · The retroactive date is typically based on the date from which the insured has had (uninterrupted) professional liability coverage. Retroactive dates often pre-date the policy's inception, potentially providing coverage for claims that arise from acts or omissions taking place prior to the policy's inception date.
Apr 12, 2019 · A far safer proposition from a coverage perspective is to purchase a policy with a prior knowledge date at least six months to a year before the policy period. Often, insurance companies will preserve the same prior knowledge date in successive renewal policies issued to the policyholder.
