A provision in a marine excess of loss reinsurance which relieves the reinsurer of liability unless two or more rigs are involved in the same loss occurrence.
Tag: RAW
Two surgeons
Situation when more than two surgeons are present at the time of the operation. A five-digit CPT code number is used with an attached modifier -62 to list the procedure. If listing more than one modifier, the appropriate sequence is to list -62 first and any one of these modifiers in the next position (-54, -55).
Two Vessel Warranty
A provision in a Marine Hull Excess of loss reinsurance which relieves the reinsurer of liability unless two or more vessels are involved in the same loss occurrence.
Two-party check
Check that is made out to the physician and the patient by the maker.
Two-person membership
Insured or subscriber and one dependent of an insurance contract.
Two-risk warranty
A warranty used in catastrophe excess of loss reinsurance to ensure that the reinsurance is not invoked unless at least two distinct risks are involved. Involvement in single losses applies to working cover excess of loss treaty. The warranty is used in life, personal accident, catastrophe property and reinsurance in the London excess market (LMX).
type of bill (TOB)
Field 4 of the Uniform Bill (UB-04) claim form that requires the facility code preceded by a leading zero as specified in the UB-04 (CMS-1450) Manual Billing Procedures .
Type of contract
Classification of an insurance agreement (e.g., one person, two persons, or family membership; group or individual policy).
Type of Policy Covers for Motor Insurance
The IRDAI has withdrawn the Indian Motor Tariff with effect from 1st April 2009. However, the wordings of “Liability Only’ Policy are retained and the rates for ‘Liability Only” policy are regulated by IRDAI. With regard to ‘Own Damage” Covers the existing policy wordings are to be continued but insurers are given freedom of pricing and permitted to provide add on covers after obtaining the Regulator’s approval. The erstwhile India Motor Tariff wordings will remain as standard cover.
type of service (TOS) code
Numeric or alpha code that indicates the medical service. When the physician’s office or an outpatient hospital is billing, the code is inserted in Block 24C of the CMS-1500 insurance claim form (e.g., 1 is medical care, 2 is surgery, D is hospice).U