A type of proceedings involving questions of maritime suit. Any insurance claim involving ocean marine insurance would usually be settled by an admiralty court.
Insurance Encyclopedia
Admissibility
See: Admissible Asset.
Admissible
Claims of losses than can be properly accepted or allowed on a Policy written.
Admissible asset
An asset, under rule 4.1(3) of IPRU (INS), that be may brought into account in determining the value of an insurer’s net assets for margin of solvency purposes. Goodwill and stock-in-trade, for example, are not admissible assets and certain assets are admissible only to a specified extent. See ASSET VALUATION RULES.
Admission
Registration of a patient either as an inpatient or outpatient for receiving medical services in a health care facility. The patient is given a register number. An admission can be either a direct admission, a direct admission from the emergency department, or transfer-in from another medical facility. See also inpatient admission, outpatient admission, and newborn admission.
Admission and disposition report
Daily hospital report that shows patients gained and lost in census, changes in status, and numerical strengths of transient patients and boarders.
Admission certification
Method of assuring that only those patients who need hospital care are admitted. Certification can be granted before admission (preadmission) or shortly after (concurrent). Length of stay for the patient’s diagnosed problem is usually assigned on admission under a certification program.
Admission date
The month, day, and year the patient is admitted to the hospital as an inpatient or as an outpatient for services or tests. Admission date is inserted in Field 12 of the Uniform Bill (UB-04) inpatient hospital billing claim form. The electronic version requires an eight-character date listing year, month, and day: 20XX0328. For an admission notice for hospice care for a Medicare patient, enter the effective date of election of hospice benefits.
Admission discharge transfer system
Computer software program used by hospitals to keep track of patients from the time of admission to time of discharge or transfer to another facility.
Admission of age
In life insurance the insured may have his policy endorsed ‘age admitted’ by supplying the insurer with his birth certificate. This may occur at inception or during the currency of the policy. When age has been admitted, the insured or his representatives will not to have to prove the insured’s age when a claim is made.