long-term insurance subcategory B1-A Definition | Law Insider (2024)

  • long-term insurance business means long-term insurance business as defined in the Insurance Act, 1943 (Act 27 of 1943), and includes any business which is for the purposes of the said Act dealt with by the Registrar of Insurance as long-term insurance business and any business which in the opinion of the Minister is medical aid insurance business conducted on a non-cancellable basis;

  • Group long-term care insurance means a long-term care insurance policy that is delivered or issued for delivery in this state to:

  • Long-term care insurance means any insurance policy or rider primarily advertised, marketed, offered, or designed to provide coverage for not less than twelve consecutive months for each covered person on an expense incurred, indemnity, prepaid, or other basis, for one or more necessary or medically necessary diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services provided in a setting other than an acute care unit of a hospital. The term includes group and individual annuities and life insurance policies or riders, whether issued by insurers, fraternal benefit societies, nonprofit health service corporations, prepaid health plans, health maintenance organizations, or any similar entity, which provide directly or which supplement long-term care insurance. The term also includes home health care type insurance policies or riders which provide directly or which supplement long-term care insurance; and includes a policy or rider which provides for payment of benefits based upon cognitive impairment or the loss of functional capacity. The term includes qualified long-term care insurance contracts. The term includes long-term care insurance products issued by insurers; fraternal benefit societies; nonprofit health, hospital, and medical service corporations; prepaid health plans; health maintenance organizations; or a similar organization to the extent that the organization is otherwise authorized to issue life or health insurance. The term does not include any insurance policy that is offered primarily to provide basic Medicare supplement coverage, basic hospital expense coverage, basic medical-surgical expenses coverage, hospital confinement indemnity coverage, major medical expense

  • Long-term inpatient care means inpatient services for

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • medium term expenditure framework ’ means a budgeting framework applied by the National Treasury which—

  • Insurance Affordability Program means a program that is one of the following:

  • Long-term care facility means a nursing home, retirement care, mental care, or other facility or institution that provides extended health care to resident patients.

  • Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Long-term care means the system through which the Department provides a broad range of social and health services to eligible adults who are aged, blind, or have disabilities for extended periods of time. This includes nursing homes and state hospitals (Eastern Oregon and Oregon State Hospitals).

  • Creditable coverage means, with respect to an individual, coverage of the individual provided under any of the following:

  • Category B means that the base prospectus shall include all the general principles related to the information required, and only the details which are unknown at the time of the approval of the base prospectus can be left in blank for later insertion in the final terms;

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Mean Sea Level means, for purposes of the National Flood Insurance Program, the National Geodetic Vertical Datum (NGVD) of 1929 or other datum, to which base flood elevations shown on a community's Flood Insurance Rate Map are referenced.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Blanket insurance policy means a group policy covering a defined class of

  • Franchise insurance means an individual insurance policy provided through a mass marketing arrangement involving a defined class of persons related in some way other than through the purchase of insurance.

  • Disabled parking license plate means a license plate that displays the international symbol of access

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • Qualified long-term care services means services that meet the requirements of Section 7702(c)(1) of the Internal Revenue Code of 1986, as amended, as follows: necessary diagnostic, preventive, therapeutic, curative, treatment, mitigation and rehabilitative services, and maintenance or personal care services which are required by a chronically ill individual, and are provided pursuant to a plan of care prescribed by a licensed health care practitioner.

  • Long-term contract means a contract with a duration period exceeding one year;

  • As an insurance expert with extensive knowledge and experience in the field, I bring forth a wealth of expertise to shed light on the concepts mentioned in the provided article. My proficiency in insurance regulations, terminology, and industry standards allows me to provide a comprehensive explanation of the terms outlined.

    Long-term Insurance Business: In the context of the Insurance Act, 1943, long-term insurance business refers to any business defined by the Registrar of Insurance as such, and it includes medical aid insurance business conducted on a non-cancellable basis. This classification is critical for regulatory purposes and involves the Registrar's oversight.

    Group Long-term Care Insurance: This term pertains to a specific type of long-term care insurance policy that is delivered or issued in a particular state. It is designed to cover a group of individuals for an extended period, providing financial assistance for necessary healthcare services.

    Long-term Care Insurance: This encompasses insurance policies or riders intended to provide coverage for at least twelve consecutive months for various healthcare services. These services include diagnostic, preventive, therapeutic, and personal care, among others. Long-term care insurance can be offered through various entities, including insurers, health maintenance organizations, and nonprofit health service corporations.

    Long-term Inpatient Care: Refers to inpatient services provided for an extended period, typically beyond what is considered short-term care.

    Insurance Score: A numerical rating derived from an algorithm or model based on credit information. Insurance scores are used to predict a consumer's future insurance loss exposure.

    Medium Term Expenditure Framework: A budgeting framework applied by the National Treasury for planning and managing expenditures over a medium-term period.

    Insurance Affordability Program: A program aimed at making insurance more affordable, potentially through subsidies or other financial assistance initiatives.

    Long-term Care Facility: An institution providing extended health care, including nursing homes, retirement care, and mental care.

    Long-term Lease: A lease agreement with a term lasting at least 27.5 years for residential resources or 31.5 years for nonresidential resources.

    Special Primary Insurance Policy: A primary insurance policy covering a mortgage loan, with premiums paid by the Trustee as specified in the Mortgage Loan Schedule.

    Long-term Care: A system providing social and health services to eligible adults with extended care needs, including nursing homes and state hospitals.

    Creditable Coverage: Coverage provided to an individual, including various types of insurance as specified in the context.

    Category B: A classification in the base prospectus indicating that general principles are included, with details left blank for later insertion in the final terms.

    Group Insurance: Insurance covering the lives of multiple individuals under a single contract between an insurer and an employer or another entity.

    Mean Sea Level: A reference point for flood insurance purposes, typically based on a specified datum.

    Individual Health Insurance Coverage: Health insurance coverage offered to individuals.

    Basic Health Plan Model Plan: A health plan model as required by specific regulations.

    Insurance Cost Increase: Refers to premium increases, excluding those resulting from the nature of occupancy by another lessee.

    Special Primary Insurance Premium: The monthly premium payable for a Special Primary Insurance Policy.

    Statutory Trust: Refers to a trust established based on statutory regulations.

    Blanket Insurance Policy: A group policy covering a defined class of individuals.

    Franchise Insurance: An individual insurance policy provided through a mass marketing arrangement involving a specific class of persons.

    Disabled Parking License Plate: A license plate displaying the international symbol of access for disabled parking.

    Travel Insurance: Coverage for personal risks associated with planned travel.

    Qualified Long-term Care Services: Services meeting specific requirements under the Internal Revenue Code for chronically ill individuals.

    Long-term Contract: A contract with a duration exceeding one year.

    long-term insurance subcategory B1-A Definition | Law Insider (2024)


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