Certificate Of Need (con) Laws
Definition of "Certificate of need (con) laws"
Federal legislation passed in 1974 that mandated that legislators in all states that are in receipt of federal funds for health care review and approve any planned capital expenditures to be undertaken by health care institutions. Capital expenditures was defined as the purchase of major medical equipment and/or the expansion of physical facilities.
Popular Insurance Terms
Mistake made during the manufacturing process of a product that results in an inherent defect in the product. This mistake is covered under products and completed operations insurance. ...
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Reinsurance ceded to an insurance company that is a non admitted insurer. ...
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Employer, association, labor union, or other group ...
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