A designation – Chartered Financial Consultant. A financial planning designation for the insurance industry awarded by the American College of Bryn Mawr. ChFCs must meet experience requirements and pass exams covering finance and investing. They must have at least three years of experience in the financial industry and have studied and passed an examination on the fundamentals of financial planning, including income tax, insurance, investment and estate planning.
Insurance Encyclopedia
Chicago Mercantile Exchange (CME)
The largest futures exchange in the US. CME offered the world’s first exchangetraded weather derivatives based on 10 US cities in 1999. By 2003, the number increased to 15 to include five European cities (Amsterdam, Berlin, London, Paris and Stockholm.) (www.cme.com).
Chief complaint (CC)
Patient’s statement describing symptoms, problems, or conditions as the reason for seeking health care services from a physician.
Child
For Social Security purposes includes the worker’s biological child or any other child who can inherit intestate personal property under state law or who meets certain specific requirements under the Social Security Act: legally adopted child; equitably adopted child, stepchild, grandchild.
Child conversion code
Code that shows the length of time a dependent child has health insurance coverage under a family’s membership (e.g., end of calendar year of limiting age, birth date).
Child Health and Disability Prevention Program (CHDP)
A state health and disability prevention program for children.
Child’s deferred insurance
Life policy under which, until the agreed ‘vesting age’ (e.g. 18), the premium is paid by the parent. At ‘vesting’ the child takes over the policy on a whole life or endowment basis in his own name at the insurer’s normal rates regardless of health. Alternatively the child may take the cash sum or defer the benefits. If the parent dies before the ‘vesting age’ premiums are suspended until the child takes over the policy.
Children’s Health Insurance Program (CHIP)
See: Children’s Special Health Care Services (CSHCS).
Children’s Special Health Care Services (CSHCS)
State child health program that operates with federal grant support under Titles V and XXI of the Social Security Act. In some states this program may be known as Maternal and Child Health Program (MCHP) , Children’s Health Insurance Program (CHIP), or State Children’s Health Insurance Program (SCHIP).
Chinese wall
The separation of key functions of a business to ensure that no conflicts of interest arise, and to prevent the inappropriate transfer of sensitive or regulatory information to another part of the business.