Principle that is not official but has been accepted in an industry through long-time or common widespread usage.

Action taken by the Medicare administrative contractor that renders a provider’s billing number inactive or ineffective for claims processing. The provider is notified and given a reason for this situation.

Amount of money payable to a designated beneficiary after the person insured (policyholder) under a life insurance policy dies. See also basic death benefit and face amount .
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The amount stated in the Policy to be paid upon proof of death of the insured. The sum payable as the result of the death of Policy holder.

Formal request for payment by the beneficiary under the terms of a life insurance policy after the policyholder of a life insurance policy dies. Certain death forms giving due proof of the death and establishing the beneficiary’s rights to such insurance proceeds must be filed with the company. This is called a death claim .

Process in which health insurance premium rates continuously increase for individuals or small groups eventually making the insurance unaffordable. It may be due to the fact that healthier and younger employees choose managed care plans, leaving less healthy individuals in experience-rated indemnity plans. Other factors that may add to the problem are contribution strategies used by employers and pricing techniques of a plan.

Bond that is not secured by any type of asset but only backed by the general credit of the issuing corporation.

MEDICAL,USA: 1. In accounting, this is an increase in assets or a reduction in liabilities or capital. It is the opposite of credit and an accounting entry is posted on the left side of the financial ledger. 2. In insurance, debits represent underwriting factors that have an unfavorable effect on an individual’s mortality rating. This term is used in a numerical rating system.
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Collection of premiums of industrial type Insurance. A group of industrial policies assigned to an Agent for collection and servicing.
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The amount of premiums outstanding and business to be collected by debit or home service agents. This can also refer to the area these customers live in.

Act of an individual who regularly engages in collecting money owed or any persons who sell or offer to sell forms for collection of money owed.

Individual who regularly engages in debt collection for themselves, an employer, or others and includes persons who sell or offer to sell forms represented to be a collection system.

Group composed of lending institutions such as banks, credit unions, savings and loan associations, finance companies, retail merchants, and credit card companies and their debtors.