1. In investing, a rule that allows insurance companies to invest a small percentage of their assets without statutory restrictions. 2. In accounting, a clause that permits life and health insurers to keep a specific amount of their assets as nonauthorized assets that are not restricted in the same way as authorized assets.

Day in which a live birth occupies a bassinet in the hospital’s newborn nursery and is continuous since birth at the time the census is done for a report. The status of the mother does not affect this.

Group of claims for different patients from one office submitted in one computer transmission.
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A group of up to 20 surplus lines documents submitted to SLTX at once for processing.

Process of comparing the number of documents that have been processed against a control total that has been estimated (e.g., an insurance company that issues 500 claims checks that are batch balanced against 500 insurance claims).

Assigned numerals to each group of insurance claims processed for different patients from one office and submitted in one computer transmission. The batch number appears on the document (report) when payments are made for the batch.

Method used by a provider to group (collect) computerized transactions over a period of time and transmit them in a single operation either at night or in a time-delayed manner (e.g., daily insurance claims).

Ability of an individual to wash oneself on a routine basis in the bathtub, shower, or by sponge bath. Also see activities of daily living (ADLs) .

Electronic, wireless method of transferring files from one computer to another computer or personal digital assistant device. The devices are pointed toward each other and selected files are transferred.