Duty evaluated on parentage of cargo value.
Insurance Encyclopedia
Ad valorem bill of lading
A bill recording the amount that the shipper has declared to the carrier as the cargo’s value. If the carrier is liable for loss or damage to cargo his liability will be for the amount in the bill.
Ad valorem freight rate
Freight based on the cargo’s value rather than weight or volume.
Add On peril under Standard Fire and Special Perils Policy (Material Damage) for Forest Fire
On payment of additional premium the Policy is extended to cover loss or damage to the property insured directly caused by burning, whether accidental or otherwise, of forest, jungles and the clearing of lands by Fire.
Add-on code
Procedural code in the CPT book that is preceded with a plus (+) symbol indicating the code may be reported in addition to the parent or primary procedure code number (see Box A-1 ). Add-on codes are never reported for stand-alone services but are reported secondarily in addition to the primary procedure.Box A-1ADD-ON CODEParent code 11000Biopsy of skin … single lesion each separate/additional lesion (list separately in addition to code for primary procedure)Add-on code +11101
Add-on code symbol (+)
Symbol used in the procedure code book titled Current Procedural Terminology (CPT) to indicate the code may be reported in addition to the primary procedure code number.
Added years
The years added to the ‘actual membership years’ to enhance the benefits for the member of a defined benefit scheme. It may be the outcome of a transfer payment received by the pension scheme, an additional voluntary contribution, or the employer or the scheme improving the member’s benefits.
Addendum
A document that notes alterations agreed between the parties to a reinsurance contract.
Addition
Individual who becomes insured after the effective date of a group insurance policy.
Addition to age
A method used by life underwriters when charging an extra premium to under average lives. The underwriter adds a number of years to the proposer’s age in order to determine the actual premium that will be charged.