To send another request for payment for an overdue bill to either the insurance company or patient.
Insurance Encyclopedia
Rebuilding cost
The cost of rebuilding premises following its destruction by an insured peril. The amount, taking into account professional fees and debris removal, should represent the sum insured under a buildings reinstatement insurance. The ABI’s guide on buildings costs is drawn from the ‘Guide to House Rebuilding Costs’ published by the Building Cost Information Service of the Royal Institution of Chartered Surveyors. Received for shipment bill The bill of lading issued prior to shipment stating the particulars of goods and their apparent condition. Under the Carriage of Goods by Sea Act 1971 such a bill may be demanded by a shipper from the shipowner.
Rebundling
Procedure by an insurance company to regroup medical services that have been billed erroneously under different codes.
Rebuttable presumptions
In workers’ compensation, this legal phrase exists for each case meaning that specific conditions are work related for certain groups of workers; thus the employer must prove the condition was not caused by work or the injury will be compensable.
Recanvass
See: resolicitation .
Recapture
The action of a ceding company taking back from a reinsurer insurance previously ceded.
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The process by which the cedant recovers the liabilities transferred to a reinsurer.
Recapture (Reinsurance)
When a ceding company reclaims business that had previously gone to a reinsurer.
Receipt
Document completed and given to a patient when the patient pays cash for professional services.
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An acknowledgement of the payment of money.
Receivables
See: accounts receivable (AR) .
Receiver
One appointed to manage property or receive he income of another.