Objective findings are observations made during medical evaluations that are not under the patient's control, such as X-ray results, nerve conduction studies, and MRIs.
An obligatory treaty is a reinsurance treaty between an insurer and a reinsurer (usually involving pro rata reinsurance), in which the insurer agrees to automatically cede all business that falls within the terms of the treaty.
An obligee is person or organization to whom another party (the "obligor") owes an obligation. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligee is the project owner for whom the bonded contractor is required to perform the specified work.
An obligor is a person or organization that is bound by an obligation to another. In risk management, the most common use of this term is in bonding. For example, under a performance bond, the obligor is the contractor who supplies a bond to a project owner guaranteeing its performance of the contract.
Occupational accident insurance is a type of coverage purchased by firms that have chosen to opt out of the Texas workers compensation system.
Occupational classification, in workers compensation, is the assembling of like occupations together for classification and premium rating purposes.
Occupational disease (OD) is any abnormal condition or disorder, other than one resulting from an occupational injury, that is caused by, or alleged to be caused by, exposure to environmental factors associated with employment, including acute and chronic illnesses or diseases that may be caused by inhalation, absorption, ingestion, or direct contact.
An occupational injury is an injury arising in the course and scope of employment that is caused by factors associated with the work undertaken.
An occupational manual is a manual listing occupational classifications for different types of work.