See: UNIFORM COMPOUND REVERSIONARY BONUS; UNIFORM BONUS. SIMPLE REVERSIONARY
Tag: REFERENCE
Uniform rate
See: flat rate .
Uninsured working expenses
See: SPECIFIED WORKING EXPENSES; BUSINESS INTERRUPTION INSURANCE.
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Defined in a Business interruption policy as purchases, carriages, packing and freight (other than the insured’s own) and wages.
union welfare trust
See: union welfare fund .
Unit time
See: floor time .
Unlisted service
See: unlisted procedure code .
Unpaid balance
See: beginning balance .
Unproved procedures
See: experimental procedures .
Unreported claims
See: incurred but not reported (IBNR) .
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A reserve kept to pay claims that have taken place but have not yet been reported. The amount of this reserve is based on estimates.
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UK: See: IBNR FOR CLAIMS INCURRED BUT NOT YET REPORTED.
Unspecified
See: not otherwise specified (NOS) and nonspecific code .