the FSA’s Authorisation manual.
Insurance Encyclopedia
Authenticate
1. Verify authorship of a patient’s medical record by signature, initials, or rubber stamp that data are accurate, complete, and final. 2. Verify or identify access privileges of a user or user device to an information system. 3. Process to certify that a document is genuine.
Authorised insurer
A firm with FSA permission to effect and carry out insurance contracts (other than a bank). See AUTHORISATION.
Authorised person
A person who has been authorised by the FSA to have a Part IV permission of the FSMA to undertake one or more of the regulated activities. Persons must meet the threshold conditions detailed in the Threshold Conditions Manual. Insurance applicants must be a body corporate excluding limited liability partnerships, registered friendly societies or members of Lloyd’s.
Authorised professional firm (APF)
Professional firm that is an authorised person and therefore has a Part IV permission from the FSA to carry on one or more regulated activities. When undertaking non-mainstream regulated activity, APF exemptions apply.
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UK: exemptions The disapplications and modifications of the FSA’s Handbook that apply in respect of APFs when undertaking non-mainstream regulated activity.
Authorised unit trust
See: UNIT TRUST.
Authoritative approval
Method of type of approval that requires a determination that the service is likely to have a diagnostic or therapeutic benefit for patients for whom it is intended.
Authoritative evidence
Written medical or scientific conclusions demonstrating the medical effectiveness of a service produced by the following: controlled clinical trials, published in peer-reviewed medical or scientific journals; controlled clinical trials completed and accepted for publication in peer-reviewed medical or scientific journals; assessments initiated by the Centers for Medicare and Medicaid Services (CMS); evaluations or studies initiated by Medicare contractors; case studies published in peer-reviewed medical or scientific journals that present treatment protocols.
Authority India for Reinsurance
Authority means the Insurance Regulatory and Development Authority.
Authorization
1. Under the HIPAA privacy rule, an individual’s formal, written permission to use or disclose his or her personally identifiable health information for purposes other than treatment, payment, or health care operations. 2. Verbal or written agreement that a third-party payer will pay for professional services rendered. 3. Requirement in some health insurance plans to obtain permission for a service or procedure before it is done and to see whether the insurance program agrees it is medically necessary. Also called preauthorization. See also precertification. 4. Legal document giving an individual the right to act.
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The amount of Insurance an underwriter says he will accept on risk of a given class as on specific property, given for the guidance of Agents and in response to requests from producers.