One of four periods during which an individual can enroll in Medicare Part A. This period is from January 1 through March 31 of each year. The Medicare Part A coverage is effective July 1 after the GEP in which he or she is enrolled.
Insurance Encyclopedia
general equivalence mapping (GEM) system
Public domain reference crosswalk method developed as an aid to convert and test systems, link data in long-term clinical studies, develop application-specific mappings, and analyze data obtained during the transition from ICD-9-CM to ICD-10-CM and beyond. GEM is available at http://www.cdc.gov/nchs/about/otheract/icd9/icd10cm.htm.
General exceptions/exclusions
Exceptions listed in a comprehensive or hybrid policy that apply to all sections of the policy. Also, each section has its own specific exceptions.
General Expenses
The overhead expenses of an insurance company that have not been allocated to the account of any one class of the company’s business.
General Export License
Any of various export licenses covering export commodities for which validated export licenses are not required. No formal application or written authorization is needed to ship exports under a general export license.
General fund of the treasury
Funds held by the treasury of the United States, other than revenue collected for a specific trust fund, such as supplemental medical insurance (SMI), and maintained in a separate account for that purpose. The majority of this fund is derived from individual and business income taxes.
General Hazard
A feature tending to the inception or spread of fire found in most classes of risk, as opposed to a special hazard in a particular class.
General hospital
Facility that receives all patients for inpatient care of acute illness or injury and obstetrics.
General insurance
the classes of insurance business set out in Part I of Schedule 1 to the Regulated Activities Order and consisting of various types of indemnity insurance, as distinct from long term insurance (including life insurance).
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See: “Insurance, General Insurance.”
General insurance business
Eighteen classes of insurance specified under FSMA (Regulated Activities) Order 2001, Schedule 1, Part I as being regulated activities. They are the classes of accident; sickness; land vehicles; railway rolling stock; aircraft; ships; goods in transit; fire and natural forces; damage to property; motor vehicle liability; aircraft liability; liability for ships; general liability (i.e. does not include liability relating to motor vehicle, aircraft or ships); credit; suretyship; miscellaneous financial loss; legal expenses; assistance. The classes are then grouped for accounting purposes. For example, accident and sickness classes combine to form group 1 (accident and health) and a liability (group 6) comprises liability relating to motor vehicles, aircraft, ships and general liability. See LONG-TERM BUSINESS.