Modifier Dictionary FAQ. Modifiers provide a mechanism to communicate special or specific circumstances related to the performance of a procedure or service. The following is a partial list of CPT modifiers that are frequently used when reporting emergency physician services.
Each risk under a facultative contract is individually underwritten by the reinsurer. Agreement to provide reinsurance âfacilitatesâ the primary insurerâs desire to write the business; without the reinsurance, the primary insurer may be unable to provide coverage for the agent. good example of the use of facultative reinsurance is a property risk with a very high total insurable value (TIV, or Maximum Possible Loss). The primary insurer does not have the capacity itself to provide the requested limits.
Underwriting is one of the aspects of insurance that makes most peopleâs eyes glaze over. Underwriters deal with statistics â theyâre number crunchers. Many people who have an insurance policy donât even know that at some point their application passed through an underwriterâs hands. But underwriting is one of the most important parts of the insurance process.