Operates in the same way as difference in conditions insurance by providing excess limits of indemnity over the limits of locally arranged insurances purchased overseas.
Tag: RAW
Difference in Perils
See: “Industrial All Risks Insurance.”
Difference Insurance
A fire insurance covering the difference between the value of property at the time of a fire and its reconstruction or replacement value.
Difference-In Conditions (DIC)
Difference-in-conditions (DIC) is a form of property insurance that is purchased to obtain coverage for perils not covered in most commercial property policies. The DIC policy excludes fire and extended coverage perils but provides “all risks” coverage otherwise. Often the coverage is purchased to cover flood, earthquake, collapse, and water damage. The coverage is often written on an inland marine basis. (See Inland Marine).
Digital
1. Pertaining to fingers or toes. 2. Of or relating to the technology of computers and data communications wherein all information is encoded as bits of 1s or 0s (binary digits) that represent electrical on or off signals and can be stored in computer memory.
Digital certificate
Electronic credential that establishes one’s identity.
Digital fax claim
Insurance claim sent to the insurance carrier via facsimile but never printed on paper. The fax is encoded with an electronic signal via an optical code reader and electronically entered into the claims processing system.
Digital imaging and communications in medicine
Standard for communicating images such as x-rays in a digitized form. This standard could become part of the Health Insurance Portability and Accountability Act (HIPAA) claim attachments standards.
digital rectal examination (DRE)
Clinical examination of an individual’s prostate for nodules or other abnormalities.
Digital signature
1. In an electronic document, a signature that consists of lines of text or a text box stating the signer’s name, date/time, and a statement indicating a signature has been attached from within a software application. 2. Electronically encrypted certification called public key infrastructure that is added to electronic documents to verify the identity of the signer. It is mandated in the Health Information Portability and Accountability Act for electronic prescriptions and other online documents.