A term used in legal proceedings to designate an oral statement, as opposed to a written one.
Insurance Encyclopedia
Parol evidence
Word of mouth evidence in court. While not generally admissible to contradict the written policy, there are exceptions that allow the parties to bring evidence that they contracted otherwise than in accordance with the terms used to express their agreement, e.g. the policy was obtained by fraud.
Parol evidence rule (Legal Terminology)
A rule stating that a written agreement or contract cannot be changed by a verbal agreement. This rule is based on the idea that contracts should include all facts and modifications to the existing agreements.
Parole
A legal term which refers to oral statements as distinguished from written statements.
Parole Evidence Rule
When the parties to a contract have purported to embody their contract in writing, that writing is the contract and all of the contract; therefore no evidence is admissible to prove any terms of the contract different from, or in addition to, those set forth in writing.
Part A hospital insurance coverage
See: Medicare Part A.
Part A premium
Monthly fee paid by or on behalf of individuals who are entitled to voluntary enrollment in the Medicare health insurance program.
Part B hospital insurance coverage
Generally Medicare Part B is for medical insurance. However, Part B hospital insurance coverage applies under the following circumstances: (1) when a beneficiary receives inpatient hospital services and these cannot be reimbursed under Part A because the benefits are exhausted either before or after admission and before the stay reaches outlier status; (2) the outlier days are not covered or the waiver of liability payment is not made; (3) a noncovered level of care is received; or (4) the patient is not entitled to Part A or elects not to use lifetime reserve days. See Medicare Part B.
Part C Medicare Plus (+) Choice Program
See: Medicare Part C.
Part Charter
Where part of an airline’s scheduled flight is sold as if it were a charter in its own right (often wrongly used as a synonym for split charter).