Common method in which insurance companies use commissioned agents to sell and deliver individual insurance policies and the agents work out of a field office under contract to the insurance company. The branch manager, supervisors, and clerical personnel in the field office are employees of the insurance company.
Tag: USA
Brand name drugs
Prescription drugs that are sold under a registered trademark (brand) name. Also known as trade name .
Breach of confidential communication
Breach means breaking or violation of a law or agreement. In the context of the medical office, it means the unauthorized release of confidential information about the patient to a third party.
Break in service
Length of time between the date an employee leaves a company and the date the employee resumes work for that company. For pension and employee benefit plans, a plan participant cannot be deprived of benefits that accumulate before a break in service unless the break is longer than (1) five years or (2) the amount of time that the participant has been employed when the break commences, whichever is greater.
Break-even point
Level of membership in a managed care plan at which the situation of total revenues and total expenses are equal and produce neither a net gain nor loss from operations.
Brief history of present illness (HPI)
1. In procedural coding and determining the extent of brief history of present illness or problem, there are two types: problem focused or expanded problem focused. 2. See history of present illness (HPI) .
Broker of record
Insurance broker who has been designated in writing by a client to provide certain insurance coverages and services.
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Broker designated by an insured to handle certain Insurance contracts for that insured.
Brokerage distribution system
Method of some insurance companies that rely on commissioned agents (brokers) who sell various types of insurance for several companies.
Brokerage general agency
See: brokerage shop .
Brokerage manager
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.