See: Cooling Degree Day.
Tag: RAW
CDOS (Collateralised Debt Obligations)
Bonds whose income payments and principal repayments are dependent on a pool of instruments such as a diversified pool of commercial loans or bond instruments bought in the secondary market or from the balance sheet of a bank. The cash flows are sold as securities and the risk of default is transferred accordingly. Banks may benefit from early repayment of the derlying loans and so create risk-related layers in bond format and offer them via an SPV. Investors, such as reinsurers who take up high-risk layers, are compensated by high yields on the securities. See INSURITISATION; SECURITISATION.
CDW
Acronym that means clinical data warehouse. See clinical data repository (CDR).
CE
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).
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.
***
A syndicate or company that transfers a risk exposure under a reinsurance contract.
***
UK: the company which cedes the business covered by a reinsurance contract.
***
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.