Insurance to provide a guarantee of performance or for the financial commitments of the insured. Also known as fidelity guarantee insurance.
Insurance Encyclopedia
Surety/suretyship
See: SURETYSHIP INSURANCE.
Suretyship
Stated in its simplest terms, suretyship embraces all forms of obligation to pay debts or answer for the default of another.do
Suretyship insurance
The insurer (the surety) provides a bond to guarantee the fulfilment of the obligations of its client (the obligor) to a third party (the obligee) derived from a contract relating to goods, services and performance. See CONSTRUCTION BONDS; COURT BONDS; GOVERNMENT BONDS; FIDELITY GUARANTEE.
Surface water
Commonly known as water on the surface of the ground usually created by rain or snow that is of a casual or vagrant character, following no definite course and having no substantial or permanent existence. Also described as water that meanders along the surface of the ground. Some insurance policies may include surface water as a covered peril but exclude flood when defined as the overflowing of water from its natural boundaries, such as a lake or river. Once outside of its natural boundaries, water becomes surface water.
Surgeon
Physician who is specially trained in operative procedures and treats injuries, deformities, and diseases by operative methods.
Surgery
Branch of medicine that deals with diseases and trauma requiring invasive operative procedures.
Surgery section
Division of the Current Procedural Terminology (CPT) code book that contains information about surgical procedures.
Surgi-Center
A separate facility (from a hospital) that provides outpatient surgical services.
Surgi-center (Health Insurance)
A facility where surgical services are provided on an outpatient basis.