Money the plaintiff would have earned if the favorable judgment had been paid at the time of injury or damage instead of at a later date when a judgment is made.

An authorization that must be obtained from the insurer before the insured can be hospitalized.

A cost containment feature of many health insurance policies whereby the insured must contact the insurer prior to a hospitalization and receive authorization for the admission.

A certification done to see if the insured should be admitted to the hospital. This certification is based on certain established criteria.

Before being admitted as an impatient in a hospital, certain criteria are used to determine whether the inpatient care is necessary.

Preliminary advice that a letter of credit has been established in the form of a brief authenticated wire message. It is not an operative instrument and is usually followed by the actual letter of credit.

In credit insurance, risks arising before the time for despatch of the goods to be sold.

Where a managing agent increases the underwriting capacity of a syndicate, for example when it expects to write more business in future. The participations of the members of the syndicate are increased proportionately to the extent the managing agent’s pre-emption offer is taken up.

A physical and/or mental condition of an insured person which existed prior to the first time issuance of his or her policy.
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A physical condition of an insured person which existed prior to the issuance of his policy.