Patient’s condition established after study that is chiefly responsible for the admission of the patient to the hospital. The principal diagnosis may or may not be the same as the primary diagnosis. Also see admitting diagnosis and major diagnosis .
Insurance Encyclopedia
Principal diagnosis code
1. Diagnostic code for a condition established after study that is responsible for the admission of the patient to the hospital. 2. When completing the Uniform Bill (UB-04) paper or electronic claim form, the principal diagnosis code including fourth and fifth digits should appear in Field 67.
Principal employer
The employer who has special rights and responsibilities, e.g. appointing trustees, when a number of employers combine to run a pension scheme.
Principal procedure
Most important medical service performed, usually for treatment, that is related to the chief diagnosis responsible for the admission of the patient to the hospital.
Principal procedure code
1. ICD-9-CM procedure code for the most important medical service performed, usually for treatment, which is related to the chief diagnosis responsible for the admission of the patient to the hospital. If there are two procedures that are principal, then the one most related to the principal diagnosis should be the principal procedure. 2. When completing the Uniform Bill (UB-04) paper or electronic claim form, the principal procedure code should appear in Field 67. The electronic version requires an eight-character date listing year, month, and day (20XX0425).
Principal sum
A lump sum payment under a policy upon the insured person’s accidental death, dismemberment, or loss of sight.
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MEDICAL,USA: Dollar amount paid in a lump sum by an insurance company for an accidental death or accidental dismemberment of the insured.
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The amount specified on a Policy to be paid in the event of certain losses, such as a designated amount of money to be paid in case of a loss of limb/s.
Principal sum (Health Insurance/Life Insurance)
The total amount to be paid in the event of an accidental death. In the case of dismemberment, a percentage of the principal sum is usually paid.
Principal’s clause
A clause in a public or employers’ liability extending the insured’s policy to provide an indemnity, where any contract so requires, to any principal in like manner to the insured. The principal must observe the terms and conditions of the policy and agree that conduct and control of any claims shall be vested in the insurer. The clause meets the requirements made of contractors to indemnify their Employers in accordance with Joint Contract Tribunal contracts.
Principal’s cover
A phrase used when the principal (i.e. the employer) and not the contractor arranges the insurance even though the standard form of contract, e.g. Joint Contract Tribunal, normally places insurance obligations on the contractor. It often means a combined contractors’ ‘all risks’ public liability being effected. This arrangement is sometimes called ‘wrap-up cover.
Principles and Practices of Financial Management (PPFM)
document the FSA requires life insurers to produce showing how they run with-profits business; its aim is to improve policyholder protection, insurer governance and transparency.