Type of insurance plan wherein the medical liability is shifted from physicians to a health plan (e.g., health maintenance organization [HMO]). Any negligent injury to a patient under the HMO relieves individual providers of all personal liability for the injury. 2. Liability placed on each member of an industry responsible for the manufacture of a harmful or defective product. The distribution of liability is allotted by each manufacturer’s share of the market. Also termed industry-wide liability .

Computer network that connects every computer in every location of a business or corporation and runs the company’s applications such as an integrated health care delivery system to tie together multiple delivery sites.

Life insurance policy that states that the policy, along with a copy of the application for insurance, represents the whole agreement between the insurance company and the policyholder.

State of meeting all of the requirements for a specific Medicare benefit; the date of entitlement begins at age 65 for most beneficiaries.

Benefit that an individual has a right or a claim to (e.g., veterans’ pensions).

Resources or material goods that the reporting entity has authority to use in its operations (i.e., management has the authority to decide how funds are used, or management is legally obligated to use funds to meet entity obligations).

Type of buy-sell insurance agreement in which the business entity assumes the obligation of buying a deceased owner’s interest in the business.

Age up to which the insurance company will sell a policy. Entrance ages vary from one company to another, and some policies can be bought at any age.

Hospital services done for the safety, sanitation, and efficiency of operating a facility (e.g., housekeeping, laundry, maintenance, waste disposal).