European Union/European Economic Area – definition of a risk

A risk is deemed to be located in an European Union or European Economic Area member state if it is: (a) a building (and its contents issued under the same policy) situated in that state; (b) a motor vehicle, ship, yacht or aircraft registered in that state; (c) a travel policy for four months or less taken out in that state. For any other type of insurance (including a life insurance) it is an individual if the policyholder is habitually resident in the member state or a business or an organisation if the establishment to which the contract relates is situated in that state.

Euthanasia

1. Easy and painless death. 2. Act or method of causing death of an individual who is suffering from an incurable disease or condition (e.g., administering a lethal drug or withholding of treatment).

evaluation and management (E/M) codes

Five-digit procedural codes that appear in the Current Procedural Terminology (CPT) code book published annually and copyrighted by the American Medical Association (AMA). These codes describe the assessment and management of a patient’s medical care and are used for encounters by providers for billing services performed in the outpatient and inpatient settings (e.g., consultations, critical care visits, office visit, hospital visits, emergency department care). E/M codes begin with 99201 and end with 99499.

Event

An occurrence, usually one that may lead to one or more claims. For example a fire, storm, etc. Events may be insured or uninsured.

Event insurance

Provides package coverage for the sponsor of public or private events, such as concerts, festivals, conferences, trade shows, sporting events, and celebrations, to name a few. Available coverages include property insurance, general liability insurance, employers liability insurance, and cancellation insurance.