The state in which the company is incorporated or chartered. The company is also licensed (admitted) under the state’s insurance statutes for those lines of business for which it qualifies.
Insurance Encyclopedia
State of issue
Region where group insurance contract is delivered or issued. Also called situs .
State of the art/development risks defence
Defence whereby a ‘producer’ can avoid Consumer Protection Act 1987 liability. If, at the time of supply, the state of scientific and technical knowledge was not such that a producer of similar products might have been expected to discover the defect if it had existed while there were products under his control, there will be no liability under the Act. It is no defence to show that the producer was unaware of the risk because of no prior accidents. The defence only applies when there has been some technical or scientific advance since the time of supply that subsequently enable the defect to be identified (Abouzaid v. Mothercare (UK) Ltd (2001)). The producer must show that the defence applies.
State pension age
Age from which state pensions are payable, 65 for men and 60 for women. The pension age for women is being phased to reach 65 over the period 2010 and 2020.
State pension offset
The reduction in pension or pensionable earnings to achieve integration.
State practice acts
State medical licensing statutes for physicians, nurses, and other health care professionals that list each recognized health care profession and its legal scope of practice.
State public health clinic
Health facility maintained by either state or local health departments that provides ambulatory primary medical care under the general direction of a physician. Also called local public health clinic .
State Second Pension (S2P)
Replaced SERPS in 2002 providing a more generous additional state pension for low and moderate earners and certain carers and people with long-term disability. S2P gives employees earning up to £24,600 (2002/3 terms) an improvement over SERPS whether or not contracted out. Most help goes to persons in the lowest of three earning bands, i.e. up to £10,800.
State survey
Under §1864 of the Act, Centers for Medicare and Medicaid Services (CMS) has entered into agreements with agencies of state governments, typically the agency that licenses health facilities within the state health departments, to conduct surveys of Medicare participating providers and suppliers for purposes of determining compliance with Medicare requirements for participation in the Medicare program.
State survey agency
State agency that inspects renal dialysis facilities and makes sure that Medicare standards are met.