When the goods are assessed after examining and testing them and the duty is paid thereafter it is known as first check appraisement. Appraisement, Second Customs Check : The first check appraisement procedure is followed by customs in respect of goods which cannot be correctly identified by physical inspection and are not of type which are imported regularly. Then the second check procedure is followed by customs for goods which are well known and can be classified and assessed readily.Approach : The part of a sales presentation which opens the discussion with the prospective insured.
Insurance Encyclopedia
Appraiser
Someone who inspects property and determines the value of the property and the cost to repair or replace that property.
Appreciation
In the context of property insurance an increase in value of the property insured.
Appropriate personal pension (APP)
A personal pension plan approved by the Occupational Pensions Board for the purpose of contracting out of the state second pension. The plan receives contributions from the Inland Revenue National Insurance Contributions Office. This Office will only contribute to one APP for a person at any time.
Appropriate personal pension stakeholder pension (APPSHP)
The stakeholder version of an approved personal pension.
Appropriate scheme
A personal pension plan or FSAVC granted an appropriate scheme certificate that has met the conditions for contracting out of the state second pension.
Appropriateness
Term used by some health plans to define the proper setting of medical care for which the expected health benefits exceeds the expected negative outcome by sufficient margin to justify treatment. Also referred to as appropriateness of care .
Appropriateness evaluation protocol (AEP)
Nineteen criteria for admission under the prospective payment system, separated into two categories: severity of illness and intensity of illness. To allow a patient admission to an acute care facility, one criterion from each category must be met.
Appropriateness of care
See: appropriateness.
Appropriation
earmarking for the benefit of policyholders or shareholders what was formerly ascertained but unappropriated surplus.