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License

MEDICAL,USA: 1. In insurance, a formal certification issued by a state department of insurance that an insurance agent is qualified to solicit insurance applications during a specified time period. 2. Approval granted by a state or government agency to engage lawfully in a practice, occupation, or specific activity of health care.
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A certification of authority for an agent or insurer to operate, given by the appropriate jurisdiction.
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A document, most often issued by the state, that proves the bearer’s authority to work as an agent or insurer.
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Certification of appropriate authority issued by a regulatory body to allow an entity to operate as an insurer or an insurance agent after certain standards have been met.

License and permit bonds

Suretyship guaranteeing that the principal will abide by the rules and obligations imposed by licensing laws or ordinances. For example, an electrician may have to post such a bond guaranteeing compliance with building codes before being licensed by a municipality.
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Bonds required by various municipalities or public authorities to indemnify them against loss in the event of violation of regulations or ordinance under which the permit is required.

License Driving

The license issued by a Competent Authority under Chapter II of the 1988 Motor Vehicles Act authorizing the person specified therein to drive, otherwise than as a learner, a motor vehicle or a motor vehicle of any specified class of description.

License Insurance

License Insurance is concerned in the main, with premises licensed for the sale of beer, or beer and wine or beer, wine and spirit. The Policy covers not only the value of the license up to the sum insured, but also the costs of appealing to quarter sessions against a refusal to the license at Brewster sessions including the costs of respondents to the appeals.

Licensed

1. Formal permission obtained from legal authorities to execute specific professional activities that conform to state regulations or federal regulations and compliance standards. This certification is applicable to individuals and health care facilities. 2. In reference to a long-term facility, this means the facility has met certain standards set by a state or local government agency. 3. For a health maintenance organization (HMO), that it has met all regulatory requirements before it started to operate in a locale and that the state authority reviewed and approved its fiscal soundness, network capacity, and quality assurance. Also referred to as licensure .

Licensed by the state as a risk-bearing entity

Entity that is licensed or otherwise authorized by the state to assume risk for offering health insurance or health benefits coverage. The entity is authorized to accept prepaid capitation for providing, arranging, or paying for comprehensive health services under a Medicare+Choice (M+C) contract. Designation that an M+C organization has been reviewed and determined “fully accredited” by a Centers for Medicare and Medicaid Services (CMS)-approved accrediting organization for those standards within the deeming categories that the accrediting organization has the authority to deem.