The building in which the homeowners insurance policyholder lives.
Insurance Encyclopedia
Resident
For Medicare, a physician who is participating in an approved graduate medical education (GME) training program or one who is not in an approved program but who is authorized to practice only in a hospital setting. This includes interns and fellows where direct GME payments are made by the fiscal intermediary.
Resident agent
A licensed agent who resides in and is licensed in the state in which business is being written.
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US: An agent domiciled in the state in which he or she conducts his or her business activities.
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An agent who lives in the same state in which he or she conducts business.
Resident Assessment Instrument (RAI)
System that provides a comprehensive, accurate, standardized, reproducible evaluation of each long-term care facility resident’s functional capabilities and helps staff to identify health problems. This assessment is performed on every resident in a Medicare and/or Medicaid-certified long-term care facility including private pay.
Resident relative
A person related to the insured by blood or marriage living in the household. Being engaged or living together long-term does not make one a relative.
Residential care
See: assisted living center (ALC) .
Residential substance abuse treatment facility
Facility that provides treatment for substance (alcohol and drug) abuse to live-in residents who do not require acute medical care. Services include individual and group therapy and counseling, family counseling, laboratory tests, drugs and supplies, psychological testing, and room and board.
residential treatment center (RTC)
Health care facility that provides treatment for alcoholism, drug abuse, and psychiatric problems. These facilities are usually accredited by The Joint Commission and must be licensed by the state.
Residual
Temporary or permanent medical condition that results after treatment for an illness or injury.
Residual benefits
Term used in disability income insurance for disability that is not work related. It is the payment of partial benefits when the insured is not totally disabled.