Religious record of an individual’s birth or baptism that is used to establish age in certain situations.
Insurance Encyclopedia
Barber Judgment
European Court of Justice (ECJ) decision in Barber v. Guardian Royal Exchange (1990) means that pensions count as equal pay for the purposes of Article 119 (now Article 141(qv) following the Amsterdam Treaty). GRE’s scheme allowed redundant females to get an immediate pension at age 50 while for males the age was 55. Mr Barber was made redundant at 52 and received only cash benefits and redundancy pay, but woman would have received a pension. ECJ held that he was the victim of discrimination in breach of Article 119 and that ‘equal pay’ included an occupational pension. The Barber rule was held only to apply to service after 17 May 1990. See EQUAL TREATMENT.
Bare
Without adequate insurance, especially for a business.
Bare walls
This term describes a property policy that insures just the common elements and provides no coverage for the interiors or contents of a unit.
Barium enema
Suspension of barium sulfate injected into the lower bowel to render it radiopaque, usually followed by injection of air to inflate the bowel and increase definition for the purposes of identifying disorders or early signs of cancer.
Barratry
A marine insurance peril meaning any wrongful act wilfully committed by the master or crew to the detriment of the vessel’s owner or charterer.
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Barratry is wrongful act of the Master and/or crew to the detriment of the owners of the vessel, for example, scuttling, running the vessel ashore, setting the vessel on fire, etc.
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Relevant to Ocean Marine insurance, barratry is the serious misconduct of the captain or crew of a ship. This misconduct, which includes fraudulent and criminal acts, may cause damage to the ship or its cargo. (See Ocean Marine).
Barter
Trade in which merchandise is exchanged directly for other merchandise without use of money. Barter is an important means of trade with countries using currency that is not readily convertible.
Base capitation
Specific dollar amount per member per month (PMPM) in a managed care plan that covers medical costs. Usually this excludes administrative costs, mental health services, pharmacy, and substance abuse services.
Base Capitation, Health
The total amount which covers the cost of health care per person, minus any mental health or substance abuse services, pharmacy, and administrative charges.
Base charge
Specific dollar amount from the Medicare fee schedule that is allowed for a participating provider according to the specialty. Commonly referred to as participating provider’s fee .