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Attachment point

The point at which the liability of an excess layer insurer or reinsurer is triggered. The reinsured may carry losses up to £1m with the reinsurer carrying the excess up to £3 million. £1 million is the attachment point, otherwise called the excess point.

Attained age method

A prospective benefits funding method for pension schemes in which the actuarial liability makes allowance for projected earnings. The standard contribution rate is the rate that, if payable over the expected future membership of the active members, would generate their expected benefits related to future service. The value of their future service is treated as the difference between the value of total benefits and the value of past benefits calculated by the project unit method. This means that the attained age method and the projected unit method have the same actuarial liability but different standard contribution rates.

Attendance expense cover

A form of cover available under legal expenses cover and certain liability policies. It provides a financial benefit to defray the cost of time lost by the insured and employees having to attend court or tribunal as defendants or witnesses on behalf of the insured. The amount payable is based on a stated fraction (e.g. a 250th part of the person’s annual salary) for each day’s absence or is a fixed amount per day.

Attending physician

Medical staff member who is legally and primarily responsible for the medical care and treatment given to a patient and who would normally be expected to certify and recertify the medical necessity of the number of services rendered for the patient’s care while in the hospital. An attending physician who has a patient admitted to the hospital may be referred to as the admitting physician.