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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.

Solvency

MEDICAL, US: Ability of an individual or organization to pay all legal debts.
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UK: An insurer is solvent for regulatory purposes when its assets exceed its liabilities by the required minimum margin. The FSA prescribes methods for the valuation of assets and liabilities for the purpose of showing regulatory solvency. The actual solvency margin is the excess of assets over liabilities. See FREE ASSETS; SOLVENCY I; SOLVENCY II.
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Having sufficient assets – capital, surplus, reserves – and being able to satisfy financial requirements – investments, annual reports, examinations – to be eligible to transact insurance business and meet liabilities.
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Insurers must have sufficient assets (capital, surplus, reserves) in order to satisfy statutory financial requirements (investments, annual reports, examinations) and to meet liabilities.
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The ability of an insurer to cover their liabilities and meet the financial requirements of doing insurance business.