HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating services provided by a licensed practical nurse (LPN) or licensed visiting nurse (LVN). It is required by some Medicaid and state health departments, so check with your state guidelines.
Insurance Encyclopedia
Tea From the Gardens in North-East India Transit Insurance
Green tea leaves from the time that are plucked from garden, carried to the plant, their storage, processing, packing, despatch from the plant to the auction center and thereafter to various places in India and/or export to various countries is covered under the Policy. The cover may be extended to include ‘hail’ damage risks.
Tea Plantation Insurance
Indemnifies the insured the plantation input cost for total loss or death of tea plants/Bush when loss occurs due to insured perils which are fire including forest fire and bush fire, lightning, storm, hail storm, cyclone, typhoon, tempest, hurricane, tornado, impact damage (including wild animal), earthquake, flood and inundation, riot and strike, acts of terrorism, unseasonal rains and frost. Pest and diseases may also be covered with additional premium. The indemnity payable is the sum arrived at after applying the percentage of loss of plants to the amount of cost of inputs at which the insured perils causing the loss of plants operates, subject to franchise and excess or both. Exclusion similar to Plantation Insurance.
Teaching hospital
Medical facility that is associated with a university and has an accredited program in various specialties of medical practice. It gives clinical experience to medical students while they deliver supervised medical care to patients.
Team and Vehicle Insurance
Includes insurance against loss through damage or legal liability for damage, to property caused by the use of teams or vehicles other than ships, boats, or railroad rolling stock, whether by accident or collision or by explosion of engine, tank, boiler, pipe, or tire of the vehicle, and insurance against the theft of the whole or part of such vehicle (California Insurance Code, Section 115).
Technical Account
The technical account is made up of: earned premiums les incurred claims (both adjusted for reinsurance as appropriate) less expenses (with an allowance for deferred acquisition costs as appropriate), plus any change in the statutory equalization reserves (as appropriate). Some of the investment income earned may be included in the technical account, it may all be included in the non-technical account.
technical component (TC)
Portion of a test or procedure (containing both a technical and a professional component) that pertains to the use of the equipment, supplies, materials, and the operator (technician) that performs it but does not interpret the results (i.e., electrocardiograph [ECG] machine and technician, radiography machine and technician, microscope and technician). When billing using CPT codes, a service that is TC only should not be billed with a two-digit modifier. See also professional component (PC) .
Technical insolvency
Impairment of an insurance company’s assets to the point where it no longer maintains the required margin of solvency but which would not make a non-insurance company insolvent.
Technical Profit
Profit on underwriting calculated without allowance for interest on insurer’s funds.
Technical Provision
Amount set aside on the balance sheet to meet liabilities arising out of insurance contracts, including claim provision (whether reported or not),provision for unearned premiums, provision for unexpired risks.