Salaried insurance company employee or independent agent who is responsible for appointing brokers for the insurance company and encouraging brokers to sell the products of a specific insurance company.
Tag: RAW
Brokerage market
Reinsurers who write business through reinsurance intermediaries. Reinsurers who do not generally accept such business are referred to as the direct market.
Brokerage shop
Insurance agency operated by an independent general agent who is under contract with several insurance companies. Also known as a brokerage general agency .
Brokerage supervisor
An insurance company employee authorized to designate insurance company brokers.
Brokers
Intermediaries who place Reinsurance business with Reinsurers on behalf of Ceding companies.
Brushing –
An internet scam where people are sent unsolicited items from a seller who then post false customer reviews to increase sales. Foreign, third-party sellers can use a person’s address and Amazon information to generate a fake sale and phony review.
Brussels Tariff Nomenclature Number (B.T.N.)
The customs tariff number used by most European nations. The United States does not use the BTN, but a similar system known as the Harmonize Tariff Schedule.
BU
HCPCS Level II modifier that may be used with CPT or HCPCS Level II codes indicating the Medicare beneficiary is undecided on purchasing or renting the item.
BUBBA
Sometimes the Balanced Budget Act of 1997 is informally pronounced as “bubba.”
Budget neutrality
Under Medicare, adjustment of payment rates so that total costs are expected to remain the same as under the previous payment rules.