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In the insurance industry, gross premiums written is the sum of both direct premiums written (see next paragraph) and assumed premiums written, before deducting ceded reinsurance. Direct premiums written represents the premiums on all policies the company's insurance subsidiaries have issued during the year.
A cheat sheet that is used contrary to the rules of an exam may need to be small enough to conceal in the palm of the hand Cheat sheet in front of a juice box. A cheat sheet (also cheatsheet) or crib sheet is a concise set of notes used for quick reference. Cheat sheets were historically used by students without an instructor or teacher's ...
The Health Insurance Premium Payment Program (HIPP) is a Medicaid program that allows a recipient to receive free private health insurance paid for entirely by their state's Medicaid program. A Medicaid recipient must be deemed 'cost effective' by the HIPP program of their state.
Illustration of the payment streams represented by actuarial notation for annuities. The basic symbol for the present value of an annuity is . The following notation can then be added: Notation to the top-right indicates the frequency of payment (i.e., the number of annuity payments that will be made during each year).
A life insurance premium is the rate you pay for life insurance coverage. Life insurance premiums are determined using factors such as age, health, policy type and coverage limits.
U.S. Payments Associations are independently-run, U.S. not-for-profit trade associations that provide payments-related education, industry representation, and guidance to payments professionals. Each association is a direct member of Nacha and certified to provide ACH education.
The Supreme Court ruled that the changes to the drug payment policy of the Hospital Outpatient Prospective Payment System were unlawful, so to compensate for the reimbursement issues, the CMS ...
The employees are responsible to pay any deductibles or co-payments required under the policy. A self-funded plan has fixed components similar to an insurance premium; but in contrast, the self-funded plan pays the claims incurred by the plan participants, and the employer's risk is not capped. Even with stop-loss insurance, the employer still ...