Administrative member of the staff in a medical practice who is given the responsibility of collecting from patients and insurance companies payments due for medical services.
Insurance Encyclopedia
Collective bargaining
To negotiate between organized labor and employer(s) issues about salaries, work conditions, work hours, and health and welfare programs.
Collective investment schemes (CIS)
Unit trust and similar schemes that provide for the collective holding, management and investment of a pool of assets from which the earnings or gain on disposition are shared among investors. These attributes are reflected in the definition of a CIS set out in FSMA, s.235(1). A distinct characteristic of UK schemes is that they are based on the concept of trusts. An open-ended vestment company (OEIC) is a CIS.
Collective life policy
A life insurance effected by credit companies to cover the loans they have advanced. The benefits are payable on death. This policy is distinguished from group life policies effected by employers or affinity groups.
Collective Paper
All documents (commercial invoices, bills of lading, etc.) submitted to a buyer for the purpose of receiving payment for a shipment.
Collective policy
1. A single policy on behalf of several co-insurers (see coINSURANCE). 2. A fidelity guarantee policy embracing a number of employees with a separate amount guaranteed for each.
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(i) A policy issued on behalf of a number of insurers (ii) A policy in respect of a number of persons with insurance in respect of each separately.
College of Healthcare Information Management Executives (CHIME)
Association formed in 1992 with the dual objective of serving the professional development needs of health care chief information officers (CIOs) and advocating the more effective use of information management within health care. Its mission is to serve the professional needs of health care CIOs and to advance the strategic application of information technology in innovative ways aimed at improving the effectiveness of health care delivery. Its supporting goals are networking, education, career development, information access, partnership advancement, and advocacy.
College of Insurance, Mumbai
Established in 1966 with a view to providing round-the-year training programmes in the technical domain of Insurance, Customer Service, Regulatory Compliance, etc., the College of Insurance is the training arm of Insurance Institute of India. The College is recognized by the Government of India as an institution of higher learning in insurance. Being a leading Institution of Insurance Education and Training in third world counties. College of Insurance finds a place of honour in the United Nations Directory of Technical Education and is recognized by the Economics and Social Commission of Asia and Pacific (Bangkok), the Special Commonwealth African Assistance Plan, the Technical Co-operation Scheme for Colombo Plan, by the United States Agency for International Development and the Indian Technical & Economic Co-operation Plan, etc. Besides the scheduled Calendar Programmes, it also conducts customized programmes for Insurance Companies. In the domain of General Insurance, it regularly conduct programmes on Marine Hull and Cargo Insurance, Aviation Insurance, Motor Insurance, Effective Claims Management, Engineering Insurance, Miscellaneous Insurance, Risk Management and PML, Liability Insurance, Health Insurance, Re-insurance, Challenges in Project Insurance, etc. In the area of Life Insurance, it offers a programme on Underwriting and Actuarial Practices, Sales and Distribution Channel Management, Business strategies of Group Insurance, Bancassurance, etc.
Collision
In marine insurance, a vessel striking another vessel or floating object but not a stationary object. The collision clause insuring a ship’s legal liability is known as the Running Down Clause. See BOTH TO BLAME CLAUSE.
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The violent encounter of two objects. In Marine Hull liability insurance a distinction is drawn between “collision” with vessels and “contact with fixed objects” such as piers, wharves and fastened buoys, the latter not being covered by collision clauses.
Collision (Auto)
Reimburses you for damage to your automobile sustained in a collision with another car or with any other object, movable or fixed, (for example, you accidentally backed into another object while pulling out from a parking stall and causing damage to the bumper and fender of your covered automobile).