Admiralty law is a distinct body of law which governs maritime questions and offences. It deals with matters including marine commerce, marine navigation, sailors, shipping and the transportation of passengers and goods by sea. Although, many countries have enacted their own general maritime legislation admiralty law is characterized by a significant amount of International Law developed in recent decades including various multilateral treaties.
Insurance Encyclopedia
Admiralty Lawyer
A admiralty lawyer or maritime lawyer deals with maritime law. This could involve collisions at sea, maritime torts, industrial torts, transactional law and environmental law. Ship owners and charters may engage admiralty lawyers for ship registration, ship sale, shipping litigation, arbitration, ship arrests and release apart from handling cases relating to marine insurance.
Admiralty Proceedings
A type of proceedings involving questions of maritime suit. Any insurance claim involving ocean marine insurance would usually be settled by an admiralty court.
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.