The range of insurance available through admitted insurance companies.
Tag: RAW
Admitted reinsurance
A company is admitted when it has been licensed and accepted by appropriate insurance governmental authorities of a state or country. In determining its financial condition a ceding insurer is allowed to take credit for the unearned premiums and unpaid claims on the risks reinsured if the reinsurance is placed in an admitted reinsurance company.
Admitted Reinsurer
A Company is deemed to be “admitted” in India when it has been licensed and accepted by IRDA. In determining its financial condition a ceding insurer is allowed to take credit for the unearned premiums and unpaid claims on the risks reinsured if the reinsurance is placed in an admitted reinsurance company.
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US, MEDICAL: Reinsurer licensed to accept reinsurance in a given region in the United States. Also called an authorized reinsurer.
Admitted Seaworthiness
There is an implied warranty in a marine cargo policy that the ship used to carriage is seaworthy and reasonably fit to carry the cargo to its destination. As the cargo owner can often not control the seaworthiness of a ship, insurers usually include a clause in the policy to modify the implied warranty.
Admitting diagnosis
Initial identification of the condition for which the patient is admitted to the hospital as an inpatient.
Admitting diagnosis code
Three- to five-digit numeric diagnostic code number that indicates the patient’s diagnosis at the time of inpatient hospital admission.
Admitting physician
Patient’s provider of medical services who arranges for the patient’s admission to a hospital or facility.
Adoptee
Individual who has been adopted.
Adoption
1. To take into one’s own family by legal process and raise as one’s own child. 2. To take up and use an idea or practice as one’s own.
Adoptive parent
One who becomes the legal parent of a child who was not born to him or her, such as a stepparent or relative.