Common use of Reinsurance Clause in Contracts

Reinsurance. An agreement whereby the Contractor transfers risk or liability for losses, in whole or in part, sustained under this Contract. A reinsurance agreement may also exist at the Provider level.

Appears in 8 contracts

Samples: Contract for Provision of Services, Contract for Provision of Services (Wellcare Health Plans, Inc.), Contract for Provision of Services (Wellcare Health Plans, Inc.)

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Reinsurance. An agreement whereby the Contractor transfers risk or liability for losses, in whole or in part, sustained under this Contract. A reinsurance agreement may also exist at the Provider level. Reprocessing (Claims): Upon determination of the need to correct the outcome of one or more claims processing transactions, the subsequent attempt to process a single claim or batch of claims.

Appears in 2 contracts

Samples: Contract for Provision of Services (Centene Corp), Contract (Wellcare Health Plans, Inc.)

Reinsurance. An agreement whereby the Contractor transfers risk or liability for losses, in whole or in part, sustained under this Contract. A reinsurance agreement may also exist at the Provider level. (Claims) Reprocessing: Upon determination of the need to correct the outcome of one or more claims processing transactions, the subsequent attempt to process a single claim or batch of claims. Remedy: The State’s means to enforce the terms of the Contract through performance guarantees and other actions.

Appears in 1 contract

Samples: Contract (Wellcare Health Plans, Inc.)

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Reinsurance. An agreement whereby the Contractor transfers risk or liability for losses, in whole or in part, sustained under this Contract. A reinsurance Reinsurance agreement may also exist at the Provider level.

Appears in 1 contract

Samples: Contract for Provision of Health Services (Triple-S Management Corp)

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