Usual And Customary Charge

Definition of "Usual and customary charge"

Monis Young real estate agent

Written by

Monis Youngelite badge icon

MONOM, LLC

  1. fee that is the most consistently charged by the physician for a particular procedure.
  2. fee that is usual for a particular procedure charged by the majority of physicians with similar training and experience within the samegeographic area.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Paid loss experience for the period of time from January 1 to December 31 of a specified year (not necessarily the current year). ...

Insurance sold by privately formed insurance companies with the objective of making a profit. ...

Qualified retirement plan under the internal revenue code Section 457 for employees of the states and political subdivisions within the states. ...

Professional designation earned after the successful completion of three national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as ...

Probability of one's living to a specific age according to a particular mortality table. Life expectancy is the beginning point in calculating the pure cost of life insurance and annuities ...

Interest rate credited on three-month United States Treasury bills. ...

Unexpected, unforeseen event not under the control of the insured that results in bodily injury. ...

Model state law of the NAIC that requires that applicant be furnished a Buyer's Guide to Annuities and a contract summary. The Buyer's Guide must contain information concerning: the various ...

Federal legislation passed in 1988 (repealed November 23, 1989) that significantly increased the benefit amounts provided under medicare, both Part A and Part B, in the following manner: ...

Popular Insurance Questions