Glossary

Causes of loss forms are Insurance Services Office, Inc. (ISO), commercial property insurance forms that establish and define the causes of loss (or perils) for which coverage is provided. A causes of loss form is combined with one or more coverage forms, the commercial property conditions form, the common policy conditions form, and the declarations to make up an ISO commercial property policy. There are three causes of loss forms: the basic, broad, and special causes of loss forms. The basic and broad causes of loss forms are named perils forms; they provide coverage for loss from only the particular causes that are listed in the policy as covered. The special causes of loss form is an all risks form; it provides coverage for loss from any cause except those that are specifically excluded.

To cede is when a company reinsures its liability with another.

Ceded premiums refer to premiums paid or payable by the captive to another insurer for reinsurance protection.

A cedent is a ceding insurer or a reinsurer.

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.