Unfair Trade Practices Act

Regulatory model created by the National Association of Insurance Commissioners (NAIC) that established standards to prevent fraudulent or unethical practices in the insurance industry (e.g., misrepresentation, false advertising, misappropriation of policyholder’s money, twisting). States that have adopted the NAIC model may impose fines or revoke licenses of agents or brokers.

Unfunded life insurance trust

Trust established to distribute life insurance proceeds. Because insurance companies cannot act as trustees or guardians, the policy proceeds are paid to a trust company and distributed under the terms of a trust agreement creating greater flexibility in distribution of the proceeds. This type of arrangement is an unfunded life insurance trust.

Unified Medical Language System (UMLS)

Database created by the National Library of Medicine (NLM) to assist the development of computer systems that behave as if they “understand” the meaning of the language of biomedicine and health. It is divided into three components termed Knowledge Sources (UMLS Metathesaurus, the SPECIALIST Lexicon, and the UMLS Semantic Network). NLM produces and distributes the UMLS Knowledge Sources (databases) and associated software tools (programs) for use by system developers in building or enhancing electronic information systems that create, process, retrieve, integrate, and/or aggregate biomedical and health data and information, as well as in informatics research.

Uniform Bill (UB-04) claim form

Insurance claim form developed by the National Uniform Billing Committee for hospital inpatient billing and payment transactions put into use by 2008. It replaces the Uniform Bill (UB-92) claim form. In the Medicare program, this is known as the CMS-1450 Medicare Uniform Institutional Provider Bill claim form . See CMS-1450 . For electronically transmitted institutional claims, the 837i replaces the paper UB-04.

Uniform Bill (UB-92) claim form

Institutional uniform claim form developed by the National Uniform Billing Committee for hospital inpatient billing and payment transactions in use from 1994. The Centers for Medicare and Medicaid Services (CMS) refers to this as the CMS-1450 claim form. The UB-92 replaced the Uniform Bill (UB-82) claim form that was also referred to as HCFA-1450 . The UB-92 will be replaced with the Uniform Bill (UB-04) claim form in 2008. For electronically transmitted institutional claims, the 837i replaces the paper UB-92.