Property insurance form that covers the loss of lease income due to damage to the property caused by an insured peril.
Insurance Encyclopedia
Leasehold Redemption
A form of capital redemption Policy.
Leasehold redemption policy
See: Capital Redemption Policy.
Leasing of Containers
Containers are taken on lease by carriers from container manufacturing companies. There are four type of leasing arrangements:
leave of absence (LOA) days
Period of time (number of days) during which a patient is discharged temporarily from the hospital. This situation can occur when surgery cannot be scheduled right away, a surgical team is not available, or treatment is necessary after diagnostic tests but cannot begin immediately. LOA days also refers to readmission after surgery for follow-up care, when a patient does not need hospital care during the interim period. LOA requires only one bill, and one diagnosis-related group payment is made.
Ledger
See: account , financial accounting record, financial record, ledger card , or patient account ledger .
Ledger card
Individual financial account indicating charges, payments, adjustments, and balances owed for services rendered. Also called financial accounting record, financial record , or patient account ledger .
Ledger cost (Life Insurance)
The net cost of a life insurance policy. This amount is determined by deducting the value of the policy at the end of the year from the total amount of premiums paid, minus dividends.
Left employment
To cease working at a company. The employee may be eligible for continuation of health insurance coverage with the group or may take out an individual policy.
Left unattended
Goods in transit term restricting cover when vehicles are left unattended. Whether a vehicle is left unattended is a question of fact. A vehicle was held to be unattended when its driver was in a shop for 15 minutes quite unable to watch over the vehicle. In Starfire Diamonds v. Angel (1962) 2 Lloyd’s Rep. 213, the Court of Appeal held that a car was left unattended when the driver left his car in a lay-by while urinating behind some bushes 37 yards away. He saw a man on the far side walking away with a suitcase from the car but was not in a position to attempt to frustrate any attack on the vehicle. See ORDINARY MEANING RULE.