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A retainer agreement is a work-for-hire contract. It falls between a one-off contract and permanent employment, which may be full-time or part-time. [1] Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later. The purpose of a retainer fee is to ensure that the employed reserves time ...
Retainage is a portion of the agreed upon contract price deliberately withheld until the work is complete to assure that contractor or subcontractor will satisfy its obligations and complete a construction project. [1]
Insurance companies often purchase reinsurance from another insurance company to protect themselves against the risk of a loss above a certain threshold; the cost of reinsurance (reinsurance premiums) is deducted from gross premiums written to arrive at net premiums written. Net premiums written is the sum of all types of insurance premiums ...
The pure insurance portion is factored using the Internal Revenue Service (IRS) published Table I rates [3] (scroll to page 5). If using permanent insurance the portion calculated as the 'permanent benefit' takes into account premium(s) paid, accumulated and cash surrender value, and other policy factors. [4]
In the United States, an independent practice association (IPA) is an association of independent physicians, or other organizations that contracts with independent care delivery organizations, and provides services to managed care organizations on a negotiated per capita rate, flat retainer fee, or negotiated fee-for-service basis.
The 'Money Guy Show' on YouTube explores viewers' questions about finance. One caller on a recent show shared a question with Brian Preston (CPA, CFP and PFS), Bo Hanson (SFA and CFP) and producer...
There are two main types of life insurance policies: term and permanent. Short-term life insurance is a type of term policy designed to cover individuals for a short period of time, often less ...
Further, a string of severe storms that caused massive property damage weighed down the industry: Wildfires in Hawaii in August 2023 alone, for example, cost insurance companies $61.5 billion.