Glossary

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. May be called protected cell captive (PCC) or segregated cell insurer. If the cells are legally segregated, a cell captive may be used to securitize risk.

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 mission of the CDC is collaborating to create the expertise, information, and tools that people and communities need to protect their health through health promotion, prevention of disease, injury, and disability and preparedness for new health threats. The CDC seeks to accomplish its mission by working with partners throughout the nation and the world to monitor health, detect and investigate health problems, conduct research to enhance prevention, develop and advocate sound public health policies, implement prevention strategies, promote healthy behaviors, foster safe and healthful environments, and provide leadership and training

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. As such, the agency is charged with managing the mandatory reporting requirements that have been imposed via the Medicare, Medicaid, and SCHIP Extension Act of (MMSEA) of 2007 on an entity providing any sort of monetary compensation to a Medicare-eligible individual resulting from a workers compensation, general liability, or automobile no-fault claim.

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. The report is an aggregation of data from various government and proprietary data sources, which is analyzed using advanced computer systems. The resulting report provides charts, alerts, summaries, and details in a user-friendly format that is intuitive and comprehensive. Data analyzed include operating and brokerage authorities, Department of Transportation (DOT) safety rating, hazardous materials inspections and violations, inadequate insurance, severe violations, and number of power units, just to name a few categories. The report is often used as an underwriting tool by insurers to verify information about a motor carrier submission.

A central collection point is the location where a generator of regulated medical waste consolidates wastes originally generated at various places in its facility. The wastes are gathered together for treatment on site or for transportation elsewhere for treatment and/or disposal. This term could also apply to community hazardous waste collections, industrial, and other waste management systems.

Central tendency is a statistical term denoting the single outcome within a probability distribution that is the most representative of all the possible outcomes. Probability distributions tend to cluster around a particular value, which may or may not be in the exact center of the range of values within that distribution. The three most common ways of identifying this outcome are the mean, the median, and the mode.

The certificate holder is the entity that is provided a certificate of insurance as evidence of the insurance maintained by another entity. In standard certificate forms, the certificate holder is usually listed in the space provided for that purpose.

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.

The certificate of insurance is a document providing evidence that certain general types of insurance coverages and limits have been purchased by the party required to furnish the certificate.