In liability Insurance maximum amount the Insurer will pay for claims growing out of a particular accident, regardless of the number of persons injured or property interests damaged.
Insurance Encyclopedia
Per Capita
(Counting) by heads.
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See: capitation.
Per capita (Life Insurance)
A form of sharing a beneficiary’s portion in an estate equally between every one of their heirs.
Per Capita Premium
A premium payable per head in respect of each of a number of persons.
Per case payment
System of reimbursement to providers in which payment is made by the type of case without regard to medical services given.
Per cause deductible (Health Insurance)
A requirement stating that benefits are only paid after the deductible for each incident is met.
per contract per month (PCPM)
See: per member per month (PMPM).
Per diem
Single charge for a day in the hospital regardless of any actual charges or costs incurred. In some managed care plans, per diems can be created by type of care given (e.g., one per diem rate for general medical/surgical and a different rate for intensive care).
Per Diem Business Interruption
A type of Business interruption policy which provides a stated amount to be paid for each day that the business is interrupted due to an insured peril.
Per diem business interruption (Property Insurance)
A type of business interruption policy. If the everyday business is interrupted due to a covered cause, this type of policy will pay a specified amount for each day that the business is unable to open.