Profession

Career that involves specialized training and requires individuals to study extensively to master a complex body of knowledge and have the ability to apply the knowledge.
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The word implies professed attainment in special knowledge as distinguished from mere skill. A practical dealing with affairs as distinguished from mere study or investigation, and an application of such knowledge to uses for others as a vocation, as distinguished from its pursuit for its own purposes.

professional component (PC)

That portion of a test or procedure (containing both professional and technical components) for which the physician reads and interprets but does not perform the test (i.e., interpreting an electrocardiogram [ECG], reading an x-ray, or making an observation and determination using a microscope). In hospital billing, this component is billed separately from the inpatient hospital charges.

Professional reinsurer

Insurance company that specializes in selling and servicing proportional reinsurance and nonproportional reinsurance with the objective of making a profit.
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A term used to designate a company whose business is confined solely to reinsurance and the peripheral services offered by a reinsurer to its customers as opposed to primary insurers who exchange reinsurance or operate reinsurance departments as adjuncts to their basic business of primary insurance. The majority of professional reinsurers provide complete reinsurance and service at one source directly to the ceding company.