The Rantings of the barely human.
A Company is deemed to be “admitted” in India when it has been licensed and accepted by IRDA. In determining its financial condition a ceding insurer is allowed to take credit for the unearned premiums and unpaid claims on the risks reinsured if the reinsurance is placed in an admitted reinsurance company.
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US, MEDICAL: Reinsurer licensed to accept reinsurance in a given region in the United States. Also called an authorized reinsurer.
There is an implied warranty in a marine cargo policy that the ship used to carriage is seaworthy and reasonably fit to carry the cargo to its destination. As the cargo owner can often not control the seaworthiness of a ship, insurers usually include a clause in the policy to modify the implied warranty.
Initial identification of the condition for which the patient is admitted to the hospital as an inpatient.
Three- to five-digit numeric diagnostic code number that indicates the patient’s diagnosis at the time of inpatient hospital admission.
Patient’s provider of medical services who arranges for the patient’s admission to a hospital or facility.