Glossary

Ceding commission is the remuneration paid to the ceding insurer/reinsurer by the assuming reinsurer (either entity could be a captive), compensating the cedent for various expenses that it incurs, such as underwriting and business acquisition expenses.

The ceding company is the insurer that cedes all or part of the insurance or reinsurance it has written to a reinsurer.

A cell captive is a sponsored captive or rent-a-captive, which maintains underwriting accounts separately for each participant.

The Centers for Disease Control and Prevention (CDC) is a federal agency that is part of the US Department of Health and Human Services.

The Centers for Medicare and Medicaid Services (CMS) is a federal agency that oversees the administration of Medicare, Medicaid, and the Children's Health Insurance Program.

A Central Analysis Bureau (CAB) report is available exclusively to CAB subscribers. It provides comprehensive, up-to-date information on any motor carrier regarding the motor carrier's safety, finances, and overall operations.

A central collection point is the location where a generator of regulated medical waste consolidates wastes originally generated at various places in its facility.

Central tendency is a statistical term denoting the single outcome within a probability distribution that is the most representative of all the possible outcomes.

The certificate holder is the entity that is provided a certificate of insurance as evidence of the insurance maintained by another entity.

A certificate of compliance is a statement issued by an insurance department or other regulatory authority confirming that an insurer is in compliance with applicable statutes and regulations.