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.
To provide the coverage, the primary insurer submits to the risk to the reinsurer to facilitate (allow) the coverage. If the reinsurer agrees, coverage is written and a facultative reinsurance contract is created. Treaty Reinsurance: A pre-negotiated agreement between the primary and the reinsurer.