In the context of the exclusion in the contractors’ all risks insurance, this means: (a) a design which fails to meet the standards expected of design engineers; and (b) a design that proves inadequate but without blame or negligence attaching to the design engineer (Queensland Government Railways v. Manufacturers’ Mutual Insurance Co. Ltd (1969)). The design simply has to be faulty for the exclusion to apply.
Insurance Encyclopedia
Faulty workmanship exclusions
An alternative name for the business risk exclusions, namely damage to your work and damage to your product in the commercial general liability coverage form.
Faute Lourde
Gross negligence though without wrongful intention.
Favorable selection
System in a managed care plan of choosing insurance subscribers or covered lives based on statistical data that show use of medical services in a particular population group to be lower than estimated or anticipated. See also cherry picking .
Fear of loss/fear of peril
Insurers are not liable for a loss caused by action prompted by the fear of loss by an insured peril. The insured peril is the remote cause not the proximate cause of the loss. The principle does not absolve insurers from their liability for sue and labour charges, salvage charges or general average contribution when properly incurred to prevent loss from a actual or imminent peril.
fecal occult blood test (FOBT)
Guaiac-based test for peroxidase activity that the patient completes by taking samples from two different sites of three consecutive stools. CPT codes 82270 through 82274 and HCPCS codes G0107 and G0328 apply to this test.
Federal Acquisition Regulation (FAR)
System established for the codification and publication of uniform policies and procedures for acquisition by all executive government agencies.
Federal Bureau of Investigation (FBI)
Government agency that investigates and prosecutes federal offenses and criminal activities. It plays an active role in investigating health insurance fraud and abuse related to federal or private health insurance programs. It has direct access to Medicare administrative contractor data and other records.
Federal Coal Mine Health and Safety Act of 1969
Federal workers’ compensation plan administered by the U.S. Department of Labor (DOL). This act, also referred to as the Black Lung Benefits Act , became effective on May 7, 1941. Services for Medicare patients with diagnoses related to black lung are billed to the DOL for reimbursement. Also known as the Black Lung Program .
Federal crime insurance
Insurance against burglary, larceny, and robbery losses offered by the federal government where the Federal Insurance Administration has determined that such insurance is not otherwise readily available.