A program that lets TRICARE-eligible individuals receive inpatient or outpatient treatment from civilian providers of care in a military hospital or from uniformed service providers of care in civilian facilities.
Insurance Encyclopedia
Party in interest (Pensions)
Any individual involved in the actual services provided by or the establishing of an employee policy; for example, the medical professionals who provide service under the plan, or the person at the employer’s office who establishes the plan.
Party wall
Wall separating two buildings, but which is not regarded as an effective fire shield unless it passes through the roof and conforms with Building Control, which allows for differences in building material. See FIRE DIVISION.
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A dividing wall erected upon and over a line separating two adjoining properties and in which the owners of the respective properties have common rights to its use.
PAS norms
See: professional activity study (PAS).
Pass through
See: first pass.
Passenger indemnity
The indemnity granted at the insured’s request under third party motor cover to passengers for accidents they cause. The indemnity applies to private car and commercial vehicle policies.
Passenger liability
The liability of the user or driver of a vehicle, ship or other conveyance towards passengers in respect of injury or damage to their property. Liability may be governed by common law, contract, statute or international convention. Passenger liability insurance for motor vehicles is compulsory under the Road Traffic Act 1988.
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The liability of a carrier to passengers for bodily injury varies with the nature of the transportation. Liability to passengers in aircraft is restricted in amount by International conventions and legislation. A ship owner’s liability to passengers is limited by legislation. The user of a motor vehicle may not contract out of his liability to passengers and must insured in respect of it without limit of amount.
Passengers Carrying Vehicles for Motor
All vehicles used for hire or reward with different registered passenger carrying capacity are categorized under class C. These may be metered or non-metered. They also include vehicles owned by hotels and hired to guests. Three-wheeler motorized vehicles are also part of this class of vehicle. A new type of vehicle introduced is “e-cart” or “e-rickshaw” by Motor Vehicle Amendment Act, 2015.
Passing off
This tort is the pretence by one person that his goods or services are those of another. The person whose business interests suffer has a right of action in damages or for an account, and for an injunction to restrain the defendant in the future. It is possible to insure under intellectual property litigation insurance against liability for having inadvertently infringed a third party’s intellectual property rights.
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A person who passes off his goods so as to misled people into thinking that they are the goods of another is subject to an action. He may insure in respect of his liability under a policy covering infringement of industrial property rights.
Passive breaches of utmost good faith
Innocent non-disclosure of a material fact and concealment, deliberate withholding of a material fact.