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Solatium Fund, Social Security Scheme

The Central Government has made the Solatium Fund Scheme, 1989 for payment of compensation to the victims of “hit and run” motor accidents. The Scheme came into effect w.e.f. 1st July 1989 and provides (a) In respect of the death of any person resulting from a hit and run motor accident, a fixed sum of Rs. 25000/-. (b) In respect of grievous hurt to any person resulting from a hit and run motor accident, a fixed sum of Rs. 12500/-.The Solatium is payable out of a SOLATIUM FUND established by the Central government It is the GIC and the designated Insurer for the State who would now pay compensation as above.

sole community hospital (SCH)

Under guidelines of the Centers for Medicare and Medicaid Services (CMS), facility that is located more than 35 miles from other like hospitals. It may be classified as an SCH if it is located in a rural area and meets one of the following three conditions: (1) located between 25 and 35 miles from other like hospitals and meets one of three criteria; (2) located between 15 and 25 miles from other like hospitals but because of local topography or periods of prolonged severe weather conditions, the other like hospital are inaccessible for at least 30 days in each of 2 out of 3 years; or (3) because of distance, posted speed limits, and predictable weather conditions, the travel time between the hospital and the nearest like hospital is at least 45 minutes.

Sole proprietorship insurance

Life insurance coverage for the owner of a business. This type of insurance is used to pay the salary of someone who runs the business after the owner’s death or disability or to help the owner’s family for loss of income due to failure of the business after the owner’s death or disability.
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Insurance that handles the business peculiar to a sole proprietorship.

Sole purpose test

IR rule that the sole purpose of any pension scheme is to provide a pension for its members. Those responsible for the scheme must take account of the rule in managing the scheme. Breaches that disadvantage members or connected persons attract serious penalties.

Solely and Directly Personal Accident

The effect of this phrase is to require the death or disablement to be the direct result of the injury (the doctrine of proximate cause). Hence, if any other cause contributes to the result the insured event has not occurred. An accident may set up a disease and result in death, but death may still be the direct result of the accident, namely, where there is no break in the chain of the causation, e.g., a man is thrown from his horse while hunting and so injured that he cannot walk, he lies on the wet ground until he is picked up, he thus catches a chill which turns to pneumonia, and dies. On the other hand, if a man breaks a leg and is taken to hospital where he contracts infectious disease from another patient, with fatal result, the death is not the sole and direct result of the accident; the infectious death constitutes a break in the chain of causation.