Allows data to be stored randomly and retrieved directly by specifying the address location.
Insurance Encyclopedia
Random internal audit
Type of audit of hospital patient records that occurs continually to verify charges in which blind charts are pulled and examined to maintain quality control. Also see audit by request and defense audit .
Random sample
Group of cases selected for study, which is drawn indiscriminately from the universe of cases by a statistically valid method.
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Sample selected or assigned in such a way that all members of the population from which the sample was drawn were equally likely to have been selected.Representative Sample : Sample that corresponds to or matches the population from which it was drawn, with respect to the percentage of cases having characteristics likely to be important for the purpose under study.Stratified Random Sampling ; Sampling technique in which a population is divided into sub-classification or strata according to certain key variables (age, gender, etc.) such that each case appears in only one sub-group. Cases are then selected at random from within each sub-group, either in proportion to that sub-group’s distribution in the population or in equal numbers per sub-group in order to increase the representative aspects of the sample.Sanction Limitation and Exclusion Clause : No reinsurer shall be deemed to provide cover and no reinsurer shall be liable to pay any claim, or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose that (re)insurer to any sanction, prohibition, or restriction under United Nations resolution or the trade or economic sanctions, laws or regulations of the European Union, United Kingdom or United States of America, 11.08.2010 HC 2010/014. Effect to this clause prohibits the provisions of marine insurance including both Cargo and Hull prohibits insurance, to pay claims or to provide any other benefits if so doing would be a breach of such sanctions.
Random Sampling
Selecting individual items from a large group in such a way that every individual item has the same chance of being included in the same group.
Range
The extent of classes of property covered by a policy or of the situation(s) at which it is covered.
Ransomware
A type of malware that encrypts the data of the victim so that it is inaccessible until the victim pays a ransom to the hacker.