An insurer’s monthly statement detailing an agent’s premiums, commissions, cancellations, and endorsements.
Insurance Encyclopedia
Account premium modification plan
A fire, property damage, and time element rating plan. The maximum credit or surcharge is 25%, and it is available to risks with at least a $5,000 three-year premium.
Account sales
A cargo claim document required when the goods have been sold. It shows the proceeds of the sale.
Account selling
Attempting to meet all of a client’s insurance needs rather than meeting only a portion of those needs.
accountable health plan (AHP)
A managed competition component that serves as both a provider and an insurer (payer) of health care services. AHPs compete with one another to provide the most cost-effective benefits package while also providing the highest quality of care. AHPs have preventive programmes and place an emphasis on wellness. These health plans are owned, operated, or contracted with by providers.
Also called Accountable health partnership (AHP), integrated delivery system (IDS), integrated health system (IHS), integrated health delivery system (IHDS), community accountable healthcare network (CAHN), integrated service networks (ISN), health purchasing alliance (HPA), community care network (CCN), and organised delivery systems.
Accountants clause
A clause in a business interruption policy which indemnifies the insured in respect of the cost of an accountant’s fee in respect of preparing and submitting the claim.
The insured is responsible for the cost in the absence of the clause.
Accounting Classes
A category of insurance business used for the purpose of statutory returns, for which separate figures must be provided at specific points in the regulatory return submitted to the Financial Services Authority. Some accounting classes consolidate several general business classes, while others represent subdivisions of one or more classes.
Accounts and Statements Rules
The requirements for making returns to the Financial Services Authority, this is commonly referred to as the regulatory return, can be found in the Interim Prudential Sourcebook for Insurers.
(see also Integrated Prudential Sourcebook).
Accounts receivable (A/R) transaction
Miscellaneous Medi-Cal accounting transactions as a result of cost settlements, state audits or refund checks received by the fiscal intermediary.
Accounts receivable (AR)
1. The total amount of money owed by patients to a business for professional services rendered by a provider or medical group.
2. The Money owed to a hospital facility from patients, insurance companies, managed care plans, and government programs.
Also See “day sheet”.