Accidental means provision

This is a Rider in a life insurance policy stating that an accidental death benefit is payable if the insured’s death was the result, directly and independently of all other causes, of bodily injury caused solely by external, violent, and accidental means. The “means” that caused the mishap must be accidental to claim benefits under the policy.

Accidental occurrence

An event or series of events that occurs unintentionally or unexpectedly and causes injury or damage. An incident can occur as a result of continuous or repeated exposure to hazardous conditions, with no single event causing the injury. An ‘accident’ is more often than not sudden and occurs at a specific time and place.

Accidental result provision

This is a Rider in a life insurance policy that states that an accidental death benefit is payable if the insured’s death was caused by accidental bodily injury, directly and independently of all other causes.

Accidents Claim Journal

A monthly journal published from Delhi that reports judgements (both Indian and foreign) relating to accidents and insurance claims, employee state insurance claims, cases of negligence and compensation, claims against common carriers, motor and rail accidents claims, arbitration cases arising out of insurance, criminal trials arising out of accidents, and so on.

Accidents only policy

A personal accident policy that limits coverage to accidental bodily injury-related death or disablement (as defined). There is no sickness insurance.

Accommodation business/Insurance/Risk/Line

Unappealing business that an insurer accepts in order to accommodate an existing connection (broker or insured) and maintain that connection’s goodwill.

Accommodation revenue code

A three-digit code used by hospitals and skilled nursing facilities to identify a specific accommodation or ancillary charge on a hospital or skilled nursing facility bill to a third-party payer.

Accord and Satisfaction

If a claim has been settled by agreement and a binding discharge obtained, it cannot be reopened. Similarly, the law does not permit successive actions based on the same cause. If damages are awarded for bodily injuries based on medical evidence at the time, a fresh action cannot later be brought even if subsequent medical opinion reveals the injuries were more serious than originally agreed. Additionally, in the UK, a liability insurer who has secured a suitable discharge in the name of their policyholder has provided a strong defence against future claims arising from the same cause of action.

Accord and Satisfaction for Negligence (Degrees and Defenses available to the Defendant)

A claim that has been settled by agreement and given a binding discharge cannot be reopened. Similarly, the law prohibits multiple actions. If damages for bodily injury/ies are awarded based on medical evidence, a new action cannot be brought or based on subsequent medical opinion establishing that injuries were more serious than originally agreed.

Account

A ledger, ledger card, financial accounting record, or patient account ledger is a formal record of all transactions made on an individual’s financial record, listing debits, credits, and balance; this term may be computerised, or in a medical practise using a manual bookkeeping system, this term is referred to as a ledger, ledger card, financial accounting record, or patient account ledger.