When a new test is determined to be similar to an existing test, multiple existing test codes, or a portion of an existing test code, the new test code is then assigned the related existing local fee schedule amounts and resulting national limitation amount. In some instances, a test may only equate to a portion of a test and, in those instances, payment at an appropriate percentage of the payment for the existing test is assigned.
Insurance Encyclopedia
Crushing Damage for Damages in Transit
Crushing damage results on account of pressure on the packages from the load above or from other packages stowed alongside.
CSR
Customer service representatives support the work of insurance agents with a variety of tasks that must be done within a company or agency to deliver services to and handle requests from clients.
Cubic Capacity (C.C.)
Indicates the power of the engine.
Cumulative approach
Another method for establishing a conversion factor under the Volume Performance Standard system. It brings actual spending in line with targeting spending and also recovers any surpluses or shortfalls in spending from 2 years before Medicare updates in the fee schedule are made.
Cumulative degree days
The total of degree days occurring over the period of a weather derivative. The cumulative figure is multiplied by the amount of the tick to give the payout for the period, subject to the strike being breached but not exceeding any cap.
Cumulative injury
In workers’ compensation cases, that occurring as repetitive mentally or physically traumatic activities extending over a period of time, the combined effect of which causes any disability the need for medical treatment.
Cumulative Liability
When one bond is cancelled and another issued to take its place and the first bond has a discovery period, the surety Company is exposed to the possibility of loss equal to the aggregate sum of the two bonds.
Cumulative liability (Reinsurance)
The total liability a reinsurer has accumulated from different policies taken on from different ceding companies that were all affected by the same disaster.
Cumulative losses
See: UNREPAIRED DAMAGE.