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 serves as the final review of a borrowerâs loan file. There are two phases of underwriting that buyers should understand. Buyers enter the first stage of underwriting during preapproval. VA lenders generally rely on an âAutomated Underwriting System,â or AUS, to determine a buyerâs preapproval status. An AUS is a computer program that instantly evaluates a buyerâs eligibility, based on a variety of factors. Not every qualified borrower will obtain AUS approval.