1. HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating medical necessity AMCC test separate reimbursement. 2. Abbreviation for covered entity. See covered entity (CE) . 3. Abbreviation for consultative examiner. See consultative examiner (CE). 4. Abbreviation for continuing education. See continuing education (CE).
Insurance Encyclopedia
Cease and Desist Order
An order of the Regulatory Authority or of a Court requiring that a company or person stop engaging in a particular act or practice, usually involving insurance trade practices.
Cease and desist order (Legal Terminology)
A court order that requires a company or individual to stop a certain act or practice. This order can also come from the state’s insurance commissioner.
Ceasing age
The age at which an income protection payment comes to an end.
Cedant
A ceding insurer or reinsurer. See Cede. A ceding insurer is an insurer that underwrites and issues an original, primary policy to an insured and contractually transfers (cedes) a portion of the risk to a reinsurer. A ceding reinsurer is a reinsurer that transfers (cedes) a portion of the underlying reinsurance to a retrocessionnaire.
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A syndicate or company that transfers a risk exposure under a reinsurance contract.
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UK: the company which cedes the business covered by a reinsurance contract.
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REINSURANCE: This is another way to refer to the reinsured or ceding insurer.
Cedant (Cedent)
An insurer who transfers risks by means of reinsurance.
Cedant’s commission
the commission paid by a reinsurer to the ceding company, in recognition of the acquisition costs borne by that company.
Cedant’s line
The retention under a surplus lines treaty.
Cedant/ceding office
An insurance company buying reinsurance cover by ceding part of its business to ne reinsurer under proportional reinsurance. The term is also used more informally to describe a reinsured entering into excess of loss treaties.
Cede
REFERENCE: See: “Reinsurance, Cede.”
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REINSURANCE: The action of an insurer of reinsuring with another insurer or reinsurer the liability assumed through the issuance of one or more insurance policies by purchasing a contract that indemnifies the insurer within certain parameters for certain described losses under that policy or policies. This action is described as transferring the risk or a part of the risk from the insurer to the reinsurer. The insurer (the buyer) is called the cedent and the assuming company (the seller) is called the reinsurer.
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The transfer of all or part of a risk written by an insurer to a reinsurer.
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MEDICAL,USA: To buy reinsurance; to effect reinsurance.
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UK: to obtain reinsurance cover for insurance business, the company obtaining reinsurance is said to “cede” the business in question.
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UK: To purchase reinsurance.
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To transfer a risk exposure under a reinsurance contract.
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US: When a company reinsures its liability with another. The original or primary insurer, the insurance company that purchases reinsurance, is the “ceding company” that “cedes” business to the reinsurer.