• The Active at Work clause is a clause of a group health insurance policy that excludes coverage for an employee who is absent from work due to an accident or illness on the effective date of the health insurance policy. Under the active-at-work clause, an employee is not eligible for coverage until he or she returns to work.

  • Actual Cash Value (ACV) refers to physical property and auto damage insurance, which is one of several possible methods of determining the value of insured property to determine how much an insurer will pay in the event of a loss. ACV is usually calculated in one of three ways: (1) the cost of repairing or replacing damaged property less depreciation; (2) the “fair market value” of the damaged property; or (3) the use of the “broad evidence rule”, which requires consideration of all relevant evidence of the value of the damaged property.

  • An actuarial report is the result of an actuary’s examination of an entity’s loss experience using probability theory and other methods of statistical analysis. Can be used to determine an insured person’s predicted loss, accrue self-insurance liability, the sufficiency of a casualty insurer’s statutory reserves (P&C), or life insurer’s unearned (technical) premiums. May be the basis of development speed.

  • An actuary is an individual, often with a professional title, such as a member of the Society of Accident Actuaries (FCAS), who calculates insurance-related statistics, usually estimating loss reserves and devising premium rates.

  • Acute exposure is a single exposure to a toxic substance that results in severe biological damage or death. Acute exposure is usually characterized by a duration of no more than one day compared to continuous or repeated exposure over a longer period.

  • Acute toxicity is the ability of a substance to cause toxic effects resulting in severe biological damage or death shortly after a single exposure or dose. Also, any severe poisoning effect resulting from a single, short-term exposure to a toxic substance.

  • The ADA Amendment Act (ADAAA) of 2008 redefines who is considered “disabled” under the Americans with Disabilities Act (ADA) and over time is likely to increase the number of employees who are considered disabled under the Americans with Disabilities Act (ADA). amendment. The ADAAA has made major changes to the following technical aspects of the ADA by: (1) redefining the term “substantially restrictive”, (2) enumerating and expanding the term “essential life activities” to include “essential bodily functions”, (3) excluding mitigating measures from consideration , (4) expanding the scope of “treated as” claims and specifying that no accommodations are required for “treated as” persons with disabilities, and (5) adding various employer-friendly provisions. ADAAA also requires the Equal Employment Opportunity Commission (EEOC) to issue new rules and guidelines. The rules should be in line with the broader scope provided by ADAAA and include a new statutory definition of “substantial limitations” that lowers the standard for an employee to be recognized as disabled.