Professional liability insurance

care model. The one worry less notable during the managed care launch and large enrollment of new members was their risk adverse structure. The managed care system developed a method that enabled them to shift the risk and medical liability, away from the health insurance companies and onto the network of healthcare providers, through contracts. At the time, physicians feared not being a part of large networks, in that regard, managed care organizations gained the most leverage during…

An American Health Insurance Company The history Aetna, dates back to the 1800’s when the company started operating as Aetna Fire Insurance Company back in 1819. Aetna then organized an annuity fund to sell life insurance in 1853 changing the company’s name to Aetna Life Insurance Company. The company’s first president Elipahlet A. Bulkeley decided to keep the name “Aetna” to take advantage of the good reputation, and the name was inspired by an 11,000-foot volcano on the eastern shores of…

One of the most important benefits is the continuity of care that the patient will have easily accessible to them. Patients will have earlier access to care when needed, which hopefully allow them to be treated sooner so that less interventions and specialties will be needed. Patients in rural areas no longer have to commute long distances for specialized care; they can consult with specialized nurses and physicians via telephone. Health records are kept up to date, especially if the all the…

Case Study Three: Arcadia Sports In the case of Jeb and Josh in the formation of Arcadia Sports, there are issues concerning the business entity and liability to Jane, who suffered an accident during an excursion with Arcadia Sports. It is unclear what type of business has been formed between Jeb and Josh and what liability each may have for the accident and what personal assets would be involved considering Jeb’s bankruptcy. Therefore, the main types of business entities, including advantages…

Our first #AskVic question is, can a member of a LLC receive a salary for their services? A Limited Liability Company (LLC) is an entity type that is formed at the State level. If the LLC only has one member, then it is called a single member LLC (SMLLC), which is a "disregarded enity," meaning that the Internal Revenue Service (IRS) does not recognize it as a separate entity, and the member would need to file a Schedule C on their personal tax return to report the income and expense activity…

company is recognised as a legal person with its own rights and obligations. Although, being a legal entity, it cannot operate without its organ namely, the Board of directors. The principle of limited liability flows from the concept of separate legal personality in that the assets and liabilities of the company belong to the company and not to its shareholders and directors . 1.2 Directors owe fiduciary duties to the company and are empowered to manage the company in good faith. Whilst de…

as the customers will be able to relate the Magic Wand Remote Control, its utility and design to the electronics and electrical items that it can operate(WIPO, WIPO Intellectual Property Handbook: Policy, Law and Use, 2008). Type of Business and Liability…

The passing of the preliminary exams and then two additional exams Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management/7 and Financial Risk and Rate of Return/9 must be passed. The completion of an educational seminar called Enterprise Risk Management and Modeling satisfies the achievement of a CERA title with…

work address, and date of birth. If the reporting entity knows the practitioner’s home address and social security number, which was obtained in accordance with section 7 of the Privacy Act of 1974, this information should be reported as well. Professional licensing information to be reported includes the practitioner’s license number, the field of licensure, and the name of the state or territory in which the license is held. If known by the reporting entity, the drug enforcement…

The veil of incorporation limits the personal liability of corporate directors, officers and employees for actions taken by the business. However, business owners can still be liable for business activities if they failed to follow corporate guidelines, commingled assets or acted recklessly (eHow,2015). The courts typically do not look behind the veil of incorporation if there a separate legal entity. But in certain circumstances, the court is willing to ‘lift the veil of incorporation’. The…