A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
I- I. Ia Ib Ic Id If Ig Il Im In Ip Ir Is It

Integration

MEDICAL,USA: 1. Process used by hospital facilities and physicians in which they combine business operations to reduce expenses and increase health care services. There are different types of integration such as simple coordination (combine purchasing) to full integration (centralized administration and coordination of care). 2. Combination of two or more insurance benefit plans to prevent duplication of benefit payments. Also referred to as integrated carve-out plan .
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A coordination of disability benefits with benefits payable under Social Security, through a specific formulae.
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UK: Reduction of a person’s pension by part or all of the pension they will receive from the basic state pension. See STATE OFFSET PENSION.

Integration test

A test used in the employee/employer relationship. It seeks to establish whether a person works on their own account or as an integral part of the employer’s organisation. The test is likely to succeed if the relationship is a continuing one between the parties. If the individual’s activities are restricted to one employer and the individual carries no financial risk the individual may be deemed to be an employee. Denning L. J. compared a taxi driver with a chauffeur to make this point (Stevenson, Jordan and Harrison Ltd v. McDonald and Evans).

Integrative health care

Medical care that incorporates the best approaches from conventional medicine and from complementary and alternative medicine. It includes the following specialty areas: acupuncturist, body work, chiropractic, conventional nursing, indigenous medicine, mental health care, minority health care, Oriental medicine, physical medicine, spiritual and prayer-based healing, Ayurvedic medicine, botanical medicine, clinical nutrition, holistic dentists and physicians, homeopathy, massage therapy, midwifery, naturopathic medicine, osteopathic medicine, and somatic educational. Alternative billing codes (ABCs) are used to bill for these services. Also called integrative medicine . See also alternative medicine and alternative billing codes (ABCs) . Website: www.alternativelink.com

Intellectual property

The general term for intangible property rights which are a result of intellectual effort. Patents, trademarks, designs and copyright are the main intellectual property rights. See INTELLECTUAL PROPERTY ASSET PROTECTION; INTELLECTUAL PROPERTY LITIGATION PROTECTION.
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Ownership of the legal rights to possess, use or dispose of products created by human ingenuity including patents, trademarks and copyrights.

Intellectual property asset protection

Cover that focuses on the revenue streams generated by Intellectual Property (IP) rights and their perceived value. The basis of indemnity is tailored to individual circumstances, and will vary from: (a) reimbursement of research and development costs – for IP still in development; (b) loss of projected future earnings where products are newly launched; (c) loss of profit calculated on historic earnings – for mature products. A legal audit takes place before cover is granted.

Intellectual property litigation insurance

Covers businesses against the legal costs and damages that can arise from an IP litigation action. The scope of cover varies but generally embraces: 1. Exploitation agreements in terms of the fees and expenses in enforcing the contractual terms inherent in agreement. Cover may include defence costs when the insured has unintentionally breached an agreement. 2. Defence fees and expenses incurred in defending a claim by a third party that the products or processes used or sold by the insured infringe IP rights. Cover may include the damages that the insured would pay if the defence is unsuccessful. 3. Invalidity/ownership professional fees and expenses in defending challenges to ownership, validity or title to IP where rights have already been granted. 4. Pursuit fees and expenses pursuing those who have infringed the insured’s IP rights.