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Calendar Year Deductible - in health insurance, the amount that must be paid by the insured during a calendar year before the insurer becomes responsible for further loss costs. Capital Gains Loss - excess deficiency of the sales price of an asset over its book value. Calculated on the basis of original cost adjusted, as appropriate, for accrual of discount or amortization of premium and for depreciation.
Capitation Arrangement - a compensation plan used in connection with some managed care contracts where a physician or other medical provider is paid a flat amount, usually on a monthly basis, for each subscriber who has elected to use that physician or medical provider.
The capitated provider is generally responsible, under the conditions of the contract, for delivering or arranging for the delivery of all contracted health services required by the covered person. Captive Agent - an individual who sells or services insurance contracts for a specific insurer or fleet of insurers.
Carrying Value Amount - the SAP book value plus accrued interest and reduced by any valuation allowance and any nonadmitted adjustment applied to the individual investment. Cash - a medium of exchange. Cash Equivalent - short-term, highly liquid investments that are both a readily convertible to known amounts of cash, and b so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
Investments with original maturities of three months or less qualify under this definition.
Casualty Insurance - a form of liability insurance providing coverage for negligent acts and omissions such as workers compensation, errors and omissions, fidelity, crime, glass, boiler, and various malpractice coverages. A loss exceeding a certain size triggers a reduction in the bond value or a change in the bond structure as loss payments are paid out of bond funds.
Catastrophe Loss - a large magnitude loss with little ability to forecast. Ceded Premium - amount of premium fees used to purchase reinsurance. Ceding Company - an insurance company that transfers risk by purchasing reinsurance. This was formerly the Health Care Financing Administration.
Change in Valuation Basis - a change in the interest rate, mortality assumption or reserving method or other factors affecting the reserve computation of policies in force.
Chartered Life Underwriter CLU - a professional designation awarded by the American College to persons in the life insurance field who pass a series of exams in insurance, investment, taxation, employee benefit plans, estate planning, accounting, management, and economics.
Chartered Property Casualty Underwriter CPCU - a professional designation awarded by the American Institute of Property and Casualty Underwriters to persons in the property and liability insurance field who pass a series of exams in insurance, risk management, economics, finance, management, accounting, and law.
Designates must also have at least three years experience in the insurance business or related field. Claim - a request made by the insured for insurer remittance of payment due to loss incurred and covered under the policy agreement.
Claims-made Form - A type of liability insurance form that only pays if the both event that causes triggers the claim and the actual claim are submitted to the insurance company during the policy term Class Rating - a method of determining rates for all applicants within a given set of characteristics such as personal demographic and geographic location.
Coinsurance - A clause contained in most property insurance policies to encourage policy holders to carry a reasonable amount of insurance.
In medical insurance a percentage of each claim that the insured will bear. Collar - an agreement to receive payments as the buyer of an Option, Cap or Floor and to make payments as the seller of a different Option, Cap or Floor.The court dismissed this argument, stating the common-law rule of imputing the wrongful conduct of a corporation's directors and officers to the corporation applies for the purposes of determining the FDIC's obligation to indemnify Grant.
Before signing up for CashANALYZER, please review the Terms and Conditions below, and then print, complete, and return the Treasury Management Service Sign-Up Form. The Parties agree STERLING TALENT SOLUTIONS' provision of consumer reports and/or investigative consumer reports (collectively, "Screening Reports"), as those terms are defined by the Fair Credit Reporting Act, as amended ("FCRA"), and applicable state laws, is subject to the employer certification requirements and other requirements contained in Exhibit A to this Agreement (the "Background.
Indemnity. Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual.
The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which generally protects against liability, loss, or damage.
SAMPLE INDEMNIFICATION PROVISIONS Sample Indemnification provision from credit agreement commitment letter (): and will reimburse each Underwriter for any legal or other expenses reasonably incurred by Insofar as the foregoing indemnity agreement, or the representations and warranties contained in.
3. WHEREAS, Surety and certain Indemnitors entered into that certain Underwriting, Continuing Indemnity and Security Agreement dated March 14, (the “Original Agreement”), as amended and modified by that certain Joinder Agreement and Amendment to Underwriting, Continuing Indemnity and Security Agreement dated November 28, (the “Joinder Agreement” and, collectively with .