An improvement which is not the highest or best use for the site on which it is placed. The moral hazard and adverse selection may result from Insurance of unbalanced risks.
Insurance Encyclopedia
Unberthed Passenger
A passenger of the age of 12 years or upwards for whom no separate accommodation in any cabin, state room or, saloon is reserved and in the computation of passenger, two persons of the age of one year or upward and upper the age of 12 years shall be reckoned as one Unberthed passenger.
Unberthed Passenger Ship
Ship carrying more than thirty Unberthed passengers. Refer ‘Unberthed passenger.”
Unbundled
When a policy e.g., an Engineering policy provides services as well as insurance, and the insurer is willing to provide the services alone, they are said to be unbundled.
Unbundled life insurance policy
See: universal life insurance .
Unbundled services
Term that describes commercial insurance with no administrative services attached, or alternatively, administrative services from an insurer without insurance coverage. Unbundled services are frequently the domain of third party providers done on a contractual basis.
Unbundling
1. Practice of billing using numerous CPT codes to identify procedures normally covered by a single code; also known as itemizing, fragmented billing, fragmentation, exploding , or a la carte medicine . 2. Billing under Medicare Part B for nonphysician services to hospital inpatients furnished to the hospital by an outside supplier or another provider. Under the new law, unbundling is prohibited, and all nonphysician services provided in an inpatient setting will be paid as hospital services.