1. Under the HIPAA privacy rule, an individual’s formal, written permission to use or disclose his or her personally identifiable health information for purposes other than treatment, payment, or health care operations. 2. Verbal or written agreement that a third-party payer will pay for professional services rendered. 3. Requirement in some health insurance plans to obtain permission for a service or procedure before it is done and to see whether the insurance program agrees it is medically necessary. Also called preauthorization. See also precertification. 4. Legal document giving an individual the right to act.
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The amount of Insurance an underwriter says he will accept on risk of a given class as on specific property, given for the guidance of Agents and in response to requests from producers.