In the context of property insurance an increase in value of the property insured.
Insurance Encyclopedia
Appropriate personal pension (APP)
A personal pension plan approved by the Occupational Pensions Board for the purpose of contracting out of the state second pension. The plan receives contributions from the Inland Revenue National Insurance Contributions Office. This Office will only contribute to one APP for a person at any time.
Appropriate personal pension stakeholder pension (APPSHP)
The stakeholder version of an approved personal pension.
Appropriate scheme
A personal pension plan or FSAVC granted an appropriate scheme certificate that has met the conditions for contracting out of the state second pension.
Appropriateness
Term used by some health plans to define the proper setting of medical care for which the expected health benefits exceeds the expected negative outcome by sufficient margin to justify treatment. Also referred to as appropriateness of care .
Appropriateness evaluation protocol (AEP)
Nineteen criteria for admission under the prospective payment system, separated into two categories: severity of illness and intensity of illness. To allow a patient admission to an acute care facility, one criterion from each category must be met.
Appropriateness of care
See: appropriateness.
Appropriation
earmarking for the benefit of policyholders or shareholders what was formerly ascertained but unappropriated surplus.
Approval
See: preauthorization. Also See: precertification and predetermination.
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UK:
The granting of tax exempt status by the Inland Revenue Savings, Pensions and Share Schemes Office to pension arrangements that meet the legislative requirements. Members will then be able to set all or part of their pension contributions against their income tax liability. Schemes meeting certain conditions get mandatory (auto matic) approval while in other cases discretionary approval may be given. Most occupational schemes are exempt approved schemes.
Approval categories
Following changes made in 1987 and 1989 Inland Revenue approval of pension schemes falls into three different categories of membership: Class A; Class B; Class C. New schemes may only be approved under the 1989 rules following the Finance Act of that year.