A coverage for motel and hotel operators, protecting them against the legal liability they have for the safekeeping of the property of guests. The policy usually has a limit per guest and an aggregate limit per policy year.
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A bailee coverage purchased by innkeepers to cover the property of their guests.
Tag: RAW
Innkeepers legal liability (Liability Insurance)
Insurance for hotel or motel operators that covers them against liability for the property of guests.
Innocent capacity
Acceptance of insurance or reinsurance business at very favourable but inadequate rates without a proper study or understanding of the risks involved. New and inexperienced insurers have been accused of providing innocent capacity and the naive acceptance of whole portfolios of business.
Innocent misrepresentation
Unintentional supply of misleading information relating to a material fact in breach of the duty of utmost good faith. Where the insurer exercises the right of avoidance ab initio, the risk does not attach and the full premium must be returned. Under industry code of practice, insurers agree not to avoid policies issued to private individuals where the innocent misrepresentation is in the nature of a technicality.
Inpatient
A patient admitted to a hospital or other similar medical facility as a resident patient.
inpatient (IP)
1.Term used when a patient is admitted to the hospital or other health facility for overnight stay for the purpose of receiving a diagnosis, treatment, or other health service. 2. Relating to the care and treatment of a patient admitted as a bed patient to a facility or to a hospital for 24-hour care.
Inpatient admission
Registration of a patient as a bed patient who is provided with room, board, and continuous nursing service in a hospital or facility for overnight stay.
Inpatient ancillary services
Supplementary hospital inpatient services for which there are no additional charges (e.g., routine nursing care).
Inpatient benefits
Hospital inpatient benefits covered for an insured under an insurance plan such as daily room and board charges and other necessary services and supply charges.
Inpatient care
Medical services that the patient receives when he or she is admitted to a hospital, nursing home, postacute care institution, or psychiatric institution for overnight stay.