Accumulated trade waste and rubbish is a fire hazard indicative of lax management and poor moral hazard. Greasy waste is liable to spontaneous heating. In some cases a warranty may require the insured to keep waste/scraps in metals bins and remove them from the building at the end of each day.
Tag: RAW
Cleanup fund (Life Insurance)
A fund or policy used to pay the remaining costs stemming from the policyholder’s death.
Clear Space Clause
A clause required that insured property, such as stack of lumber, be stored at some particular distance from each other or from other property.
Clear space clause (Property Insurance)
A clause stating that the insured’s belongings must be stored at a specified distance from each other or other belongings. The property in question typically increases the chance of a loss, for example, dynamite or stacks of firewood near a firepit.
Clearinghouse
Independent organization that receives electronically transmitted insurance claims from the physician’s office, performs software edits, routes, and transmits the claims to various insurance carriers. Also see health care clearinghouse.
Clerical error
Minor omission or error in form or content on Medicare Part A or Part B claims, such as missing data items (provider number or date of service). Omissions do not include failure to bill for certain items or services or third-party payer errors.
Clerical error provision
Insurance policy condition that if a person is eligible and submits a written request for coverage, he or she will not be denied coverage if the policyholder fails to give proper notice to the insurance company because of a clerical error.
Clerk
See: insurance billing specialist .
Client
1. Person who is the recipient of a professional service. 2. Recipient of health care. 3. Patient. 4. System (software running on a piece of hardware) that initiates the process or requests services in a client/server computing arrangement.
Client agreement
FSA rule (Conduct of Business 4.2.7 R) requires a firm intending to conduct designated forms of investment business with UK private clients to enter into a client agreement. The client must sign the terms of business or he must have consented to them in writing.