Individual who uses a limited amount of equipment to perform initial assessment and intervention and is trained to assist other emergency medical services (EMS) providers. For example, at the scene of a cardiac arrest, the first responder would be expected to notify EMS (if not already notified) and initiate cardiopulmonary resuscitation (CPR) with an oral airway and a barrier device. Many firefighters, police officers, and other emergency workers have this level of training.
Tag: RAW
First Surplus
The first amount allocated to reinsurance in excess of the original insurer’s net retention.
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UK: The surplus treaty immediately above the cedant’s retention and to which cessions must be made in priority to all other surplus treaties. The reinsured may arrange second and third treaties and so on.
First Three
The first three leading underwriters on a broker’s slip, not necessarily the first three underwriters to have signed.
First Treatment Medical Report
See: First Report of Injury .
First Year
The term used to refer to various matters during the first year a policy is in force, such as first year premiums and first year claims.
First-dollar coverage
Type of insurance (hospital or surgical) policy that pays for the full value of each service up to the insured amount. The insured does not pay a deductible, but there may be copayments.
First-year commission
Amount of money paid to an insurance agent that is based on an insurance policy’s first annual premium.
FIS (Free into store)
The seller must pay all charges, including import duty, freight and other costs including insurance to time of delivery of the goods into buyer’s warehouse.
fiscal agent (FA)
See: Medicare administrative contractor (MAC) .
Fiscal carrier
See: fiscal intermediary (FI) .