capital charge: A measure of portfolio risk based on an expected loss, considering the default frequency (relative likelihood of default in severe economic depression) and loss severity (relative duration and magnitude
Allowable Charge: The lesser of the actual charge, the customary charge and the prevailing charge. It is the amount on which Medicare will base its Part B payment. (H)
After Charge: A charge sometimes included in fire rates for commercial buildings. It is usually added for conditions which can be corrected by the insured, such as failure to have the proper types of fire extinguishers. (PR)
Surrender charge: an amount retained by the issuer of a life insurance policy when a policy is canceled, typically assessed only during the first five to ten years of a policy.
Definition and meaning of reasonable and customary charge :
reasonable and customary charge: Amounts charged by health care providers that are consistent with charges from similar providers for identical or similar services in a given locale.
Definition and meaning of Loss Assessment Charge :
Loss Assessment Charge: An insured's share of a loss assessment for property damage or liability which is charged by a corporation or association of property owners. Homeowners policies provide some coverage for loss assessments charged against the insured as owner or tenant of a residence premises. (PR,LA)
Definition and meaning of Reasonable and Customary Charge :
Reasonable and Customary Charge: A charge for health care, which is consistent with the going rate or charge in a certain geographical area for identical or similar services.
Definition and meaning of Cost of Insurance Charge :
Cost of Insurance Charge: Another term to describe the charge for the pure insurance protection element of a life insurance contract. It is also known as the Mortality Charge. (LI)
Definition and meaning of Reasonable and Customary Charges :
Reasonable and Customary Charges: The charge for medical services which refers to the amount approved by the Medicare Carrier for payment. Customary charges are those which are most often made by a provider for services rendered in that particular area. (H)
