inspection report

  • A confidential report prepared for a life or health insurance company on a risk, setting out the moral and physical hazards that may or may not be present. Inspection service is usually bought from companies that specialize in that field. Used for classifying individuals as standard, substandard or uninsurable.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).