A person is guilty of a public nuisance who does not act or is guilty of illegal omission, which causes any common injury, danger or annoyance to the public or to the people in general who dwell or occupy property in the vicinity or which must necessarily cause injury, obstruction, danger or annoyance to persons who may have occasions to use any public right.

The amount for which an insurance company will settle a claim—not because it is a valid claim but because the company considers it worth that amount to dispose of it.
***
An amount the insurer pays to settle a claim because they are ready to be done with it, not because the claim is valid.

The act of declaring an insurance contract invalid from its inception so that, from a legal standpoint, the insurance contract never existed.

A way of establishing the rate that will be charged for a substandard insured. The standard risk is a 100. Injuries or other impairments are each given a value to be added to 100. The resulting total indicates which table will be used to determine the policy rate.

A system of rating whereby the acceptability of a proposed insurance is judged and rated on a combination of factors to each of which a numerical weight is assigned.

A provision in a mediclaim policy calling for reimbursement for the fees of nurses other than those employed by the hospital.

A clause that allows for the reimbursement of amounts paid to nurses who are not employed by a hospital.

A licensed facility which provides general nursing care to those who are chronically ill or unable to take care of necessary daily living needs. May also be referred to as a Long Term Care facility.

Also called a long-term nursing facility. A licensed center that provides care to those unable to care for themselves or who have a chronic illness.