A group of occupations for the purpose of rating, e.g., Personal Accident insurances.
Tag: RAW
Occupational deafness
An industrial disease caused by noise exposure. It is an insidious disease affecting the inner ear. Many workers are exposed to this risk and years may pass before they become aware of the situation. The disease’s long-tail potential has serious implications for employers’ liability insurers. The disease is incurable but preventable and has attracted attention from the legislators through the Noise at Work Regulations 1998.
Occupational Disease
An injury arising out of employment and due to causes and characteristics of, and peculiar to, the particular trade, occupation, process or employment, and excluding all ordinary diseases to which the general public is exposed. Examples include psittacosis, mercury poisoning, dust collection in the lungs, and the like.
Occupational disease (Health Insurance)
A disease caused by exposure to the conditions that one works in, or that occurs as a result of a job.
Occupational Extra
Additional premium imposed on an insured because his occupation is thought to render his insurance more hazardous.
Occupational hazard
A condition in an occupation that increases the peril of accident, sickness or health problem.
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A condition inherent to an occupation that augments the chance of sickness, accident, or death.
Occupational Hazards
Occupations which expose the insured to greater than normal physical danger by the very nature of the work in which the insured is engaged, and the varying periods of absence from the occupation, due to the disability, that can be expected.
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Occupations which expose the insured to greater than normal physical danger by the very nature of the work, in which the insured is engaged, and the varying period of absence from the occupation, due to the disability, that can be expected.
Occupational Manual
A book listing occupational classification for various types of work.
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A book that lists classifications of occupations.
Occupational pension scheme
A scheme organised by an employer or on behalf of a group of employers to provide pension benefits for one or more employees on leaving service or on death or retirement. The scheme is run by trustees and can be contributory or non-contributory. Schemes are either defined benefit schemes or defined contribution scheme. See EXEMPT APPROVED SCHEMES.
Occupational Pensions Board (OPB)
Statutory body responsible for: issuing contracting out or appropriate scheme certificates for pension schemes that meet the necessary requirements; ensuring that guaranteed minimum pensions and protected rights are secure; and ensuring that equal access and preservation requirements are satisfied. OPB’s involvement extends to the enforcement of disclosure of information to scheme members and advising schemes as to the extent to which their rules comply with overriding legislation and advising schemes on certain rules regarding early leavers, etc.