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C. Ca Cb Cc Cd Ce Cf Cg Ch Ci Cl Cm Co Cp Cr Cs Cu Cy
Cab Cad Caf Cag Cah Cal Cam Can Cap Car Cas Cat Cau Cav

Calendar year deductible

Common form of deductible under major medical and comprehensive medical expense insurance plans. Insureds may accumulate covered expenses for the purpose of satisfying the deductible for the entire 12-month period.
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In health insurance, the amount of expense that must be borne by the insured during a calendar year before the health insurance policy makes payment for loss.

Calendar Year Experience

Experience developed on premium and incurred loss transactions occurring during the twelve calendar months beginning January: irrespective of the effective dates of the policies on which these transactions arose.
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MEDICAL,USA: Occurrence or events developed on premium and incurred loss transactions that occur during the 12 calendar months beginning January 1, regardless of the effective dates of the insurance policies on which these transactions arose.
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Underwriting result based on earned premiums and booked incurred losses for the same calendar year reporting period, regardless of the dates of the loss events. Booked incurred losses include paid losses, beginning of year to end of year changes in case reserves, and IBNR.

Calendar Year of Experience

Reinsurance experience calculated by matching the total value of all losses and movements in reserves during a given 12month period, regardless of the date of loss, with the premiums earned during the same period. Calendar year statistics are suitable for financial considerations but not for assessing results.

Calendar Year Statistics

Method of gathering data on losses, particularly liability Insurance claims, under which the claim payments made during a particular calendar-year are charged to that year regardless of when the accident giving rise to those payments occurred. Also, refer “Accident year statistics.”

Calf Breeding Insurance

The policy covers (a) females calves/Heifers (cross bred or indigenous) – 4 months to 32 months of age and (b) male indigenous calves – 4 months to 24 months – sum insured as per valuation table of the insurers. Policies for female calves and male calves are issued up to a maximum age of 32 months or 24 months respectively at a stretch if premium for the entire period is paid in advance. Otherwise annually renewable policies. Policy to indemnify in the event of death of insured calves/heifers due to accident or disease during the policy period of insurance.

Call

A payment to cover losses and management expenses made by a member of a protection and indemnity club in consideration of a right to indemnity. The ‘calls’ are based on the tonnage entered in the club by shipowners. Initial payment may be followed by supplementary calls.
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The sum payable by a member of a Protection and Indemnity Club for his right to indemnity by the club. A call payable at the outset of each period is termed an Advanced call. Additional payments (supplementary calls) in respect of a period may be made subsequently if required to meet claims arising.