Insurance Definition, Terms, Terminology & Glossary
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
A
abandonment
abatement
“absolute” exclusions
absolute pollution exclusion
absorbed dose
accept
accident
accidental death
accidental death and dismemberment (AD&D)
accidental means
accident year data
accident year experience
accommodation line
accountants professional liability insurance
account current
accounts receivable coverage
accreditation
Accredited Adviser in Insurance (AAI)
accumulation
accumulation period
acquisition costs
act-as-one provision
action levels
action versus the insurer provision
active retention
activity standards
act of God
actual cash value (ACV)
actuarial report
actuary
acute exposure
acute toxicity
ADA Amendments Act (ADAAA) of 2008
additional expense coverage
additional insured
additional insured endorsement
additional living expense (ALE) coverage
additional medical
additional named insured
add-on control device
“add-on” no-fault laws
adhesion contract
adjustable feature
adjusted earnings
adjusted net worth
adjuster
administrative law
administrative order
administrative order on consent
administrative services only (ASO)
administrator
admiralty law
admitted assets
admitted/authorized reinsurance
admitted company
admitted insurance
admitted insurer
admitted reinsurer
advanced wastewater treatment
advance loss of profit (ALOP) insurance
advancement of defense costs provision
adverse selection
advertisement
advertising injury
advisory endorsement
aerobic treatment
affiant
affidavit
affiliated companies
affiliated risk
affinity sales
affirmative defense
afterburner
aftermarket parts
Age Discrimination in Employment Act (ADEA) of 1967
agency
agency agreement
agency captive
agency construction management
agency plant
agency system
agent
agent of record
agents errors and omissions
agent’s license
aggravation
aggregate
aggregate deductible
aggregate excess insurance
aggregate excess of loss reinsurance
aggregate limit of liability
aggregate limits reinstatement
aggregate stop-loss reinsurance
agreed amount clause
agreed value coverage option or provision
agreement not to rely on governmental immunity
airborne particulates
aircraft insurance policies
airport premises liability, aircraft
air quality control region
air quality standards
air stripping
air toxins
aleatory contract
alienated premises
alien insurer
allegations
allied healthcare professional liability insurance
all inclusive coverage
allocated expenses
allocated loss adjustment expense (ALAE)
allocated loss expense
allocation
all risks coverage
all risks, difference-in-conditions (builders risk)
all risks, ground and flight
all risks, not in motion
alternate employer endorsement
alternative dispute resolution (ADR)
alternative dispute resolution provision
alternative market
alternative remedial contract strategy contractors
alternative risk financing facilities
alternative risk financing mechanism
alternative risk transfer (ART) market
A.M. Best rating
amendment of “insured contract” definition endorsement
AMERCO v. Commissioner
American Association of Insurance Services (AAIS)
American Institute for Chartered Property Casualty Underwriters (AICPCU)
American Institute of Architects (AIA)
American Institute of Certified Public Accountants (AICPA)
American Insurance Association (AIA)
American Society for Testing and Materials (ASTM)
Americans with Disabilities Act (ADA) of 1990
American Trucking Associations, Inc. (ATA)
amount at risk
amount subject
analytic risk modeling method
animal mortality insurance
anniversary date
anniversary rating date
annual aggregate deductible
annual statement
annuitant
annuity
annuity certain
annuity due
answer
anti-concurrent causation (ACC) language
anti-concurrent cause (ACC) provision
anti-indemnity statute
anti-stacking provisions
antitheft device
antitrust liability
apparent agency
appeal
application
application of retention
apportionment
appraisal clause
appraisers errors and omissions
approval
“A” rates
arbitration
arbitration clause
architects and engineers (A&E) liability coverage
asbestos
asbestos abatement
asbestos-containing material (ACM)
asbestos program manager
assessment company (society or insurer)
asset allocation
asset class
asset risk
asset share value
assigned risk plan
assignee
assignment
associate
Associated General Contractors of America (AGC)
Associate in Automation Management (AAM)
Associate in Claims (AIC)
Associate in Fidelity and Surety Bonding (AFSB)
Associate in Information Technology (AIT)
Associate in Insurance Accounting and Finance (AIAF)
Associate in Insurance Services (AIS)
Associate in Loss Control Management (ALCM)
Associate in Management (AIM)
Associate in Marine Insurance Management (AMIM)
Associate in Personal Insurance (API)
Associate in Premium Auditing (APA)
Associate in Reinsurance (ARe)
Associate in Research and Planning (ARP)
Associate in Risk Management (ARM)
Associate in Surplus Lines Insurance (ASLI)
Associate in Underwriting (AU)
Associateship of the Chartered Insurance Institute (ACII)
associational discrimination
association captive
association group
Association of Trial Lawyers of America (ATLA)
association professional liability insurance
assume
assumed liability
assumed premiums
assumed reinsurance
assumption
assumption endorsement
assumption of liability agreement
assumption of liability endorsement (ALE)
assumption of risk
assumption of risk doctrine
assurance
as their interests may appear (ATIMA)
at-risk construction management
attachment basis
attachment point
attained age
attorney/client communication
attorney work product
attractive nuisance doctrine
A201 construction contract
auction rate security (ARS)
audit
authorized nonadmitted reinsurer
auto
auto coverage symbols
auto loan/lease gap coverage
automatic additional insured endorsement
automatic increase in insurance provision
automatic insureds
automatic premium loan
automatic treaty
automobile
Automobile Claim Law Associate (ACLA)
Automobile Claim Law Specialist (ACLS)
automobile liability excess indemnity
automobile liability insurance
automobile physical damage insurance
average basis
average rate
average severity
average weekly wage (AWW)
aviation accident insurance
aviation hazard
avoidance
awareness provisions
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
B
backdated liability insurance
back pay
back-to-back deductible
bad faith
bailee
bailee coverage
balance
balance billing
bancassurance
bank
bank assurance
bankers professional liability (BPL) insurance (BPLI)
bankruptcy condition
bareboat charter
bare walls coverage
barratry
Basel Committee on Banking Supervision
base premium
basic causes of loss form (ISO)
basic extended reporting period (BERP)
basic limits
basic premium
basic premium factor
basic rate
basis point(s)
basis risk
basket aggregate
basket deductible
basket retention
batch clause
beauty contest
below-target-risk (BTR)
BEN
benchmarking
bench-scale tests
bench trial
beneficiary
benefits
benefits payable exclusion
best available control measures (BACM)
best demonstrated available technology (BDAT)
Best’s Capital Adequacy Ratio (BCAR)
Best’s rating
betterment clause
bid bond
bid deducts
bifurcation
bikini deductible
bilateral extended reporting period provision
bill of lading
binder
bingo card program
bingo stamp
biological magnification
biomechanical analysis
bioremediation
Bipartisan Campaign Reform Act of 2002
Black Lung Benefits Act of 1973
blackmail settlement clause
blackout period
blanket additional insured endorsement
blanket contractual liability insurance
blanket fidelity bond
blanket group boiler and machinery coverage
blanket limit
blanket medical expense
blanket policy
blanket position bond
blended finite risk
blended risk
blowout and cratering
blowout prevention warranty
Blue Book
blue plan
board committees
boards and bureaus
boatowners policy
bobtail
bobtail liability
bodily injury (BI)
bodily injury by accident limit (workers compensation)
bodily injury by disease, each employee (workers compensation)
bodily injury by disease—policy limit (workers compensation)
boiler and machinery (BM) insurance
boilerplate
bond
bonding
book value
boom coverage
bordereau
borderline risk
Bornhuetter-Ferguson technique
borrowed servant rule
boutique law firm
branch profits tax
brand equity
brand rehabilitation
brands and labels endorsement
breach
breach of contract
breach of warranty clause
break point
British business interruption coverage
broadcasters liability
broad causes of loss form (ISO)
broad evidence rule
broad form comprehensive general liability (BFCGL) endorsement
broad form contractual liability insurance
broad form drive other car coverage
broad form hold harmless clause
broad form named insured endorsement
broad form pollution exclusion
broad form property damage (BFPD)
broker
brokerage department
brokerage market
brother-sister relationship
brownfield
Brownian motion
browse-wrap agreement
buffer layer
builders risk policy
building and personal property coverage form (ISO)
building codes effectiveness grading schedule (BCEGS)
building information modeling (BIM)
building ordinance coverage
building rate
bulk reserves
bullying
bumbershoot
burden of proof
burglary
burning cost
business auto policy (BAP)
business continuity management (BCM)
business continuity plan (BCP)
business income coverage
business income worksheet
business interruption coverage
business interruption worksheet
business judgment rule
business legal expense insurance
businessowners policy (BOP)
business risk
business use class
“but for” cause
but for evidentiary standard (in employment discrimination cases)
“but for” test
buyback deductible
buyers’ market
buyout settlement clause
buy/sell agreement
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
C
Cable Communications Policy Act (CPPA) of 1984
calendar year experience
cancelable
cancel and rewrite
cancellation
candidate analysis
cap
capacity
capital
capital adequacy
capital allocation
Capital Asset Pricing Model (CAPM)
capital at risk
capital attribution
capital markets
capital stock
capital stock company
capital structure
capital sum
capitated fee
captain of the ship doctrine
captive
captive agents
captive facility
Captive Insurance Companies Association (CICA)
captive management company
captive value added (CVA)
care, custody, or control (CCC)
cargo insurance
Carmack Amendment
Carriage of Goods by Sea Act (COGSA) of 1936
carrier
carryover provision
caselaw
case management
case reserve
case reserves cash flow plans
cash balance pension plans
cash call
cash flow program
cash flow return on investments (CFROI)
cash flow underwriting
cash refund annuity
cash surrender value
Casualty Claim Law Associate (CCLA)
Casualty Claim Law Specialist (CCLS)
casualty insurance
catastrophe
catastrophe bond
catastrophe equity put
catastrophe plan
catastrophe policy
catastrophe reinsurance
catastrophe reserves
catastrophic loss
Category 3 water
causes of loss
causes of loss forms (ISO)
cede
ceded premiums
cedent
ceding commission
ceding company
cell captive
Centers for Medicare and Medicaid Services (CMS)
central collection point
central tendency
certificate holder
certificate of compliance
certificate of insurance
certificate of reinsurance
certified act of terrorism
Certified Risk Manager (CRM)
cession
cession number
cession statement
cestui que vie
channeling
chaplain or priest malpractice
charter
Chartered Insurance Institute (CII)
Chartered Life Underwriter (CLU)
Chartered Property Casualty Underwriter (CPCU)
charterers legal liability coverage
chemical, biological, radiological, nuclear (CBRN) weapon
Chemnet
chief risk officer (CRO)
Children’s Online Privacy Protection Act (COPPA) of 1998
choice no-fault
chronic toxicity
chronological stabilization plans
circumstance
Civil Rights Act of 1991
claim
claimant
claim expense
claims adjuster
claims administrator
claims audit
claims leakage (CL)
claims-made and reported policy
claims-made and reported provision
claims-made coverage trigger
claims-made multiplier
claims-made policy
claims-made reinsurance
claims-paid policy
claims reserve
clash cover
class
class action
Class Action Fairness Act of 2005
classification
classification limitation
classified insurance
class of business
class I area
Class 1 insureds
class rating
Class 2 insureds
clause
clawback provision
Clean Air Act (CAA) of 1970
clean closure
cleanup fund
Clean Water Act (CWA) of 1972
clearance
click-wrap agreement
client company
client employer
climate change risk
clinical patterns
closed-loop recycling
cloud computing
coded excess
codefendant
coding
coemployer
coemployment
coincidental excess coverage
coinsurance hammer clause
coinsurance provision
coinsurer
collapse additional coverage
collapse: homeowners policy
collar
collateral
collateral agreement
collateral documents
collateral estoppel
collateralization of cash flow programs
collateral source rule
collateral value insurance
collection commission
collection fee
collision damage waiver (CDW)
collision insurance
combination plan reinsurance
combination policy
combined additional coverage (CAC)
combined ratio
combined single limits
comment period
commercial appropriation
commercial auto insurance coverage forms
commercial crime policy
commercial general liability (CGL) policy
commercial insurer or reinsurer
commercial lines
Commercial Lines Manual (CLM)
commercial multiple peril (CMP) policy
commercial output policy (COP)
commercial package policy
commercial property conditions form (ISO)
commercial property coverage forms (ISO)
commercial property policy
commercial property program
commercial risks
commercial waste management facility
commission
commissioner
commissioners standard ordinary 1958 mortality table
commissions of selling agents coverage
Committee of Sponsoring Organizations (COSO)
common accident
common carrier
common disaster
common law
common law defenses
common law liability
common policy conditions
communicable disease
community property
community rating
Community Rating System (CRS)
commutation
commutation agreement
commutation clause
commutation rights
comparative negligence
compensable
Compensated Intercorporate Hauling (CIH)
compensating balance plan
compensatory damages
competitive bidding
competitive state funds
complaint
completed operations
complete retention
composite rating
comprehensive auto coverage
comprehensive auto liability (CAL)
comprehensive boiler and machinery coverage
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980
comprehensive general liability (CGL) policy
comprehensive personal liability
comprehensive 3-D policy
compulsory insurance
compulsory insurance requirements (international insurance)
computer crime insurance
computer fraud coverage form
computer software design errors and omissions
computer virus
computer worm
concealment
concurrency
concurrent causation
concurrent cause
concurrent insurance
conditional binding receipt
conditionally renewable
conditional payment clause
conditional vesting
conditions
condominium association coverage form (ISO)
confidence intervals (levels)
confiscation, expropriation, nationalization (CEN), and deprivation (CEND) insurance
conflict of laws
ConsensusDOCS
consent judgment
consent to settlement clause
consequential bodily injury suits
consequential damages
consequential loss
conservator
consideration
consolidated insurance program (CIP)
Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985
consolidation
constructibility review
construction ban
construction defect
construction management (CM)
construction management agency
construction management at-risk
construction management professional liability insurance
Construction Risk and Insurance Specialist (CRIS)
constructive discharge
constructive notice
constructive total loss
contents rate
contestable clause
contingency fee
contingency plan
contingency planning
contingency reserve
contingent annuitant
contingent beneficiary
contingent business interruption insurance
contingent commission
contingent extra expense insurance
contingent insurance
contingent liability from operation of building codes
continuance
continuation of coverage in bankruptcy provision
continuing undertaking rule
continuous contract
continuous injury trigger
continuous treatment rule
contract
contract attorney
contract bond
contract carrier
contract certainty
contract of adhesion
contractor controlled insurance program (CCIP)
contractors all risks (CAR) insurance
contractors environmental liability (CEL) insurance
contractor’s limitation endorsement
contractors professional liability insurance
contractors rework coverage
contract ratification indemnity
contract repudiation indemnity
contractual liability
contractual liability insurance
contractual risk transfer
contra proferentem rule
contribution
contribution by equal shares
contribution by limits
contributory negligence
controlled foreign corporation (CFC)
controlled insurance program (CIP)
controlled master insurance program
controlled unrelated business
controlling
Controlling the Assault of Non-Solicited Pornography and Marketing (CAN-SPAM) Act of 2003
control technique guidelines (CTG)
conventional subrogation
convention blank
convention statement
convergence
convergence (of the capital and insurance markets)
converted losses
convertible
Cooke ratio
cooperation clause
cooperative controlled insurance program (CO-CIP)
cooperative insurance
Coordinated Advertising, Rate and Form Review Authority (CARFRA)
coordination of coverage
COPE
core capital
corporate counsel
corporate governance
corporate override agreement
corporate reimbursement coverage
corporation
correlation/uncorrelation
corridor deductible
corridor self-insured retention
cost and freight (C and F)
cost, insurance, and freight (CIF)
cost of debt
cost of hire endorsement
cost of risk
cost of suit coverage
cost of well control
co-surety
counseling liability
counsel selection provision
counterparty
countersignature
coupon interest
course of employment
courthouse steps settlement
court reporter
covariance
covenant not to execute
covenant not to sue
covenants, conditions, and restrictions (CC&R)
cover
coverage
coverage form
coverage trigger
covered auto designation symbols
cover note
cradle-to-grave or manifest system
credentialing liability
credibility
credit carry-forward
credit default swap
credit for reinsurance
credit insurance
credit life insurance
credit report
credit risk
credit wrap
crisis
crisis management approach
crisis management coverage
crisis management plan
criteria pollutant
critical recommendation
criticism
crop-hail insurance
cross-complainant
cross-complaint
cross-defendant
cross-liability coverage
cross-liability endorsement
cross purchase
Cumis counsel
cumulative collusive excess cover
cumulative injury
current disbursement
current service benefit
custom bond
customer’s auto
cutoff
cut through endorsement
cyber and privacy insurance
cyber extortion
cyberspace liability
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
D
daily reports
“damages reduction” provision
“damage to premises rented to you”
damage to rented premises liability coverage–garages endorsement
data processing coverage
data processors errors and omissions coverage
date of issue
deadheading
dealers driveaway collision
death benefit
Death on the High Seas Act (DOHSA) of 1920
death rate
debit agent
debit life insurance
debit system
debris removal
decennial liability
declarations
declaratory judgment
declination
deductible
deductible, annual aggregate
deductible plan
deductible reduction incentive provisions
deemer period
deemers
defamation
default
default insurance
defeasance
defendant
Defense Base Act
defense clause
defense costs endorsements
defense-only coverage
defense within limits
deferred acquisition cost (DAC)
deferred group annuity
deferred payment merchandise
deferred premiums
deferred tax asset
deficit carry-forward or carry-back
defined benefit plan
defined contribution plan
delay clause
delayed completion coverage
delay in start-up (DSU) insurance
delivery
demand surge
demand trigger coverage
demolition coverage
demurrage
demurrer
demutualization
denial of service (DoS) attack
denial of tenure claims
Department of Labor (DOL)
Department of Transportation (DOT)
dependent properties time element coverage
deposit
deposit accounting
deposition
deposit policy
deposit premium
depreciation
deprivation
derivative
derivative contract
derivative lawsuits
designated construction project general aggregate limit endorsement
designated contractor
designated employees
designated insured endorsement
designated operations exclusion endorsement
designated pollutant
designated workplaces exclusion endorsement
design-build professional liability insurance
designer bugs
design liability
destroyed medical waste
destruction and removal efficiency (DRE)
development factor
deviation
difference-in-conditions (DIC) insurance
difference-in-limits (DIL) clause
difference-in-limits (DIL) policy
Digital Flood Insurance Rate Map (DFIRM)
diminution in value (auto)
diminution in value (property)
direct action
direct damage
direct damage coverage
direct discharger
direct filtration
Directive on Data Protection
direct loss
direct market
directors and officers (D&O) liability insurance
direct premiums
direct response marketing
direct selling system (direct marketing)
direct threat
direct writer
direct writing captive
direct writing carrier
direct written premium
dirty bomb
disability
disability benefit
disability income insurance
disappearing deductible
disaster
disaster recovery plan
disciplinary proceeding expense coverage
disclaimer
disclosure dollar loss (DDL)
discontinuance
discounted cash flow (DCF) analysis
discount rate
discovery
discovery cover
discovery period
discovery provision
discovery rule
discrimination
disease loading
disintermediation risk
dismemberment
dismissal
disparagement of goods
disparate impact discrimination
disparate treatment discrimination
dispersion
distributions
distribution system
diversification
diversification credit
divided risk endorsement
dividend accumulation
dividend addition
dividend options
dividends
divisible contract clause
docket control system
Dodd-Frank Act
domestic insurer
domestic terrorism
domicile
domicile manager
dominant cause
domino theory
dose response
dose-response assessment
dose-response relationship
double excess coverage
double indemnity
double protection
downsizing exclusion
draft authority
dramshop liability
“D” ratio
drive other car endorsement
Driver’s Privacy Protection Act (DPPA) of 1994
drop down provision
druggist liability insurance
dry pipe sprinkler system
dual agency
dual capacity
due diligence
duplication
duty to defend
duty to pay
dwelling
dwelling property coverage forms
dynamic financial analysis (DFA)
dynamic risk
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
E
earned premium
earned reinsurance premium
earned surplus
earnings before interest, dividends, depreciation, and amortization (EBIDDA)
earnings guidance
earnings insurance
earth movement or earthquake exclusion
earthquake coverage
easement
easement appurtenant
easement by prescription
easement, public
ecological risk assessment
economic capital
economic cost of ruin (ECOR)
economic damages
Economic Loss Doctrine
economic or use value
economic value added (EVA)
educators legal liability (ELL) insurance
EEO-1 report
effective date
effective tax rate
efficacy insurance
efficient cause
election
election window
elective benefits
electrical damage or injury exclusion
electronic commerce (E-commerce)
Electronic Communications Privacy Act (ECPA) of 1986
electronic contract (E-contract)
electronic data liability
electronic data processing (EDP) coverage
electronic funds transfer (EFT) system coverage
electronic products errors and omissions insurance
electronic record
electronic signature
elevator insurance
eligibility period
elimination period
embedded value
emergency
emergency medical technician (EMT) and paramedics professional liability
emergency response plan
emergency response values
employed lawyers professional liability insurance
employee as lessor endorsement
employee assistance program (EAP)
employee benefit programs
employee benefits liability
employee dishonesty coverage
employee hired autos endorsement
employee leasing
employee leasing company
employee pension benefit plans
Employee Retirement Income Security Act liability
Employee Retirement Income Security Act (ERISA) of 1974
Employee Retirement Income Security Act Section 510
Employee Retirement Income Security Act Section 404(c)
Employee Retirement Income Security Act stock drop litigation
Employee Retirement Income Security Act “tag-along” claims
employees as additional insureds
employees as insureds endorsement
employee stock ownership plan (ESOP)
employee stock purchase plan
employee welfare benefit plans
employers excess indemnity insurance
employers liability coverage
Employment Arbitration Agreement
employment-at-will doctrine
employment practices liability insurance (EPLI)
employment-related practices liability (ERPL) policy
employment risk
encapsulation
endangerment assessment
endemic disease coverage
endorsement
endowment insurance
energy release theory
enforceable requirements
enforcement decision document (EDD)
engaged in trade or business (ETB)
engagement letter
engineering
engineering insurance
Engineers Joint Contracts Documents Committee (EJCDC)
ensuing loss clause
enterprise risk management (ERM)
entire contract clause
entity coverage
entity securities coverage
environmental assessment
environmental audit
environmental impact statement
environmental impairment liability (EIL) insurance
environmental liability buyout
Environmental Monitoring and Assessment Program (EMAP) data
environmental stop loss insurance
Equal Employment Opportunity Commission (EEOC)
Equal Pay Act of 1963
equipment breakdown insurance
equipment floater
equitable estoppel
equitable subrogation
equity stripping
erection all risks (EAR) insurance
ergonomics
Erie Doctrine
error or omission in reporting endorsement
errors and omissions (E&O) clause
errors and omissions (E&O) insurance
escape provision
essential functions
estate plan
estimated premium
estoppel
event
event insurance
event risk
event triggered financings
evidence
evidence of insurability
exacerbation
examination under oath (EUO)
exception (to exclusion)
excess
excess ad damnum letter
excess and surplus (E&S) lines insurance
excess cover
excess insurance
excess interest
excessive fee claims
excess liability “follow form” policy
excess liability policy
excess limit
excess lines broker
excess loss premium (ELP) factor
excess of loss ratio reinsurance
excess of loss reinsurance
excess per risk reinsurance
excess point
excess workers compensation insurance
exchange transfer embargo indemnity
exclusion
exclusive agency system
exclusive remedy
exculpatory clause
executive officer
executor
exemplary damages
exempt motor carrier
ex gratia payment
exhibitor insurance
ex-medical coverage
ex parte hearings
expatriate
expected loss
expected morbidity
expected mortality
expected or intended
expected reinsurer deficit (ERD)
expediting expense
expediting expense coverage
expense
expense allowance
expense constant
expense load
expense ratio
expense reserve
experience
experience account
experience modification
experience modifier
experience rating
experience refund
expert
expiration
expiration file
expiration notice
export and/or import embargo indemnity
exposure
exposure base
exposure-in-residence theory
exposure rating
exposure survey
express authority
expropriation
extended coverage (EC) endorsement
extended discovery period
extended discovery provision
extended period of indemnity endorsement or option
extended reporting period (ERP)
extended term insurance
exterior insulation and finish systems (EIFS)
extortion coverage form G
extracontractual damages
extracontractual obligations (ECO)
extra expense coverage
extra percentage tables
extra premium
extraterritorial coverage
extremely hazardous substances
“extrinsic facts” test
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
F
face amount
facility emergency coordinator
factory firms
facultative automatic
facultative obligatory treaty
facultative reinsurance
failure to collect contributions exclusion
failure to fund in accordance with ERISA exclusion
failure to insure exclusion
Fair Access to Insurance Requirements (FAIR) plans
Fair Credit Reporting Act (FCRA) of 1970
Fair Labor Standards Act (FLSA) of 1938
fair rental value (FRV) coverage
faithful performance coverage
false arrest
false pretense, trick, and device
Family and Medical Leave Act (FMLA) of 1993
family exclusion
farmowners insurance
farm umbrella policy
FAS 5
FAS 115
FAS 113
f-cubed litigation
feasibility study
Federal Arbitration Act (FAA)
Federal Coal Mine Safety and Health Act (FCMS&HA) of 1969
federal crop insurance
Federal Emergency Management Agency (FEMA)
Federal Employers Liability Act (FELA) of 1908
federal excise tax (FET)
Federal Highway Administration (FHWA)
Federal Insurance Contribution Act (FICA) of 1935
Federal Motor Carrier Safety Administration (FMCSA)
Federal Motor Carrier Safety Regulations (FMCSR)
Federal Savings and Loan Insurance Corporation (FSLIC)
fee-for-service
fees
fee schedule
fellow employee coverage
fellow employee exclusion
fellow employee suits coverage
Fellow in Risk Management (FRM)
Fellowship of the Chartered Insurance Institute (FCII)
fidelity bond
fiduciary
fiduciary bond
fiduciary liability
fiduciary liability endorsement
fiduciary liability “follow-on” claims
field service advice (FSA)
filed forms
financed insurance
Financial Accounting Standards Board (FASB)
Financial Anti-Terrorism Act (FATA or PATRIOT Act) of 2001
financial capacity
financial disclosure claims
financial guarantee insurance
financial institution bond
Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)
financial modeling
financial quota share
financial reinsurance
financial responsibility
financial responsibility law
financial restatement
financial restatement exclusion
financial risk management
financial statement
financial transformation (FT)
fine arts coverage
finite risk insurance
fire brigade
fire department service charge coverage
fire legal liability coverage
fire-resistive construction
firewall
fire wall
FIRMette
“first bite”
first class mail coverage
first dollar coverage
first dollar defense coverage
first dollar defense, umbrella
first named insured
first-party insurance
first surplus reinsurance treaty
fixed-cost insurance
flat
flat cancellation
flat commission
flat dividend
flat rate
fleet
fleet automatic, auto
fleet of companies
fleet policy
fleet policy, aircraft
fleet policy, auto
floater policy
floating excess policy
flood coverage
flood exclusion
flood insurance rate map (FIRM)
floor
follow form
follow form professional liability endorsement
following reinsurer
following the fortunes
forced placed
force majeure
force majeure insurance
foreign commerce
Foreign Corrupt Practices Act (FCPA) of 1977
foreign-cubed litigation
foreign currency controls
foreign insurer
foreign liability coverage
foreign title equivalent coverage provision
forgery or alteration coverage
“for-hire” motor carrier
form
fortuitous event
forum
forum selection clause
forum shopping
forward
forward contract
“four-corners” test
401(k) plan
fractional premium
fracture types
frame construction
franchise deductible
franchise inflation clause
franchise insurance
fraternal benefit society
fraud
Fraud Claim Law Associate (FCLA)
Fraud Claim Law Specialist (FCLS)
free alongside (FAS)
free of capture and seizure (FC&S) warranty
free of particular average (American conditions) (FPAAC)
free of particular average (English conditions) (FPAEC)
free of particular average (FPA)
free on board (FOB)
free on board destination
freight broker
freight forwarder
frequency
friable asbestos
friendly fire
front company
fronted captive
fronting
front pay
full coverage
full preliminary term reserve valuation
full prior acts coverage
full-timers coverage
fully insured status
fully paid policy
functional capacity evaluation (FCE)
functional job description
functional replacement cost
functional replacement cost provision or endorsement
fundamental risk
fund control agreement
funded
funded covers
funded pension plan
funded retention
funded self-insurance
fund states coverage
funds withheld
furriers block policy
furriers customers insurance
future
futures contract
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
G
gap financing
garagekeepers coverage/garagekeepers legal liability
garagekeepers extra legal liability
garage liability insurance
garage policy
garment contractors floater
General Adjustment Bureau (GAB)
general agency system
general aggregate limit
general average losses
general counsel
general damages
general duty clause
general employer
general exclusions
general inclusions
general indemnity clause
general liability insurance
Generally Accepted Accounting Principles (GAAP)
general maritime law
general supervision
Genetic Information Nondiscrimination Act (GINA) of 2008
geographical (coverage territory) limitations
glass ceiling
glass insurance
global insurance program
glovebag
good faith settlement
“good guy” letter
Good Samaritan statutes
good student discount
governing classification
grace period
graded commission
graduated drivers licenses
Gramm-Leach-Bliley (GLB) Act of 1999
green building
greenmail exclusion
green upgrades coverage
gross cessation
gross combination weight (GCW)
gross domestic product (GDP)
gross earnings coverage
gross loss reserves
gross negligence
gross premium
gross profits insurance
gross receipts or mileage, auto
gross vehicle weight (GVW)
gross weight
gross written premium (GWP)
ground coverage
ground up loss
group annuity
group captive
group certificate
group contract
group credit insurance
group insurance
group of companies
group-owned captive
group practice health maintenance organization
group property and liability insurance
group self-insurance
guaranteed auto protection (GAP)
guaranteed cost
guaranteed cost discount (GCD)
guaranteed cost insurance
guaranteed cost premium
guaranteed insurability
guaranteed investment contract (GIC)
guaranteed renewable
guaranty agreement
guaranty fund
guardian ad litem
Guertin laws
guests’ property, premises
guests’ property, safe deposit box
guest statutes, auto
guest voluntary settlement, aircraft
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
H
hail insurance
hammer clause
hangar keepers liability
hard market
Harper Group v. Commissioner
hazard
hazard class pricing
hazardous ranking system (HRS)
hazardous waste
hazard risk
HAZMAT
healing plateau
healthcare purchasers liability insurance
healthcare reimbursement plan
Health Insurance Portability and Accountability Act (HIPAA) of 1996
health maintenance organization (HMO)
hedge
hedge fund
hedge instrument
hedging transaction
highly protected risk (HPR) property
high-risk community
Highway Loss Data Institute (HLDI)
hired automobile
historical cost
hold harmless agreement
holding power formula
holistic risk management
homebuilder wrap-up
home equity insurance
home foreign
home office
homeowners modified form 8 (HO 8)
homeowners policy
homeowners policy basic form 1 (HO 1)
homeowners policy broad form 2 (HO 2)
homeowners policy comprehensive form 5 (HO 5)
homeowners policy contents broad form 4 (HO 4)
homeowners policy special form 3 (HO 3)
homeowners policy unit owners form 6 (HO 6)
honorable engagement or undertaking
horizontal exhaustion rule
hospital income insurance
hospital medicine
hospital professional liability (HPL) insurance
hostile fire
hostile work environment sexual harassment
host liquor liability
hotline
Household Goods Transportation Act of 1980
HR-10 plan
hull coverage
hull (physical damage) coverages, aircraft
Humana v. Commissioner
human equivalent dose
hurdle rate
hybrid
hybrid plans
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
I
identity theft coverage
idiopathic injury
immediate annuity
immediately dangerous to life and health (IDLH)
immigration violation coverage endorsement
impaired property
impaired risk
impairment
impairment capital
implead
implied authority
implied warranty
improvements and betterments
in camera proceedings
Inchmaree clause
incidence of ownership
incidental malpractice
incident reporting provision
incontestable clause
incorporation doctrine
increased cost of construction
increased limit factors
increased limits table
incurred but not enough (IBNE)
incurred but not reported (IBNR) losses
incurred expense
incurred losses
incurred loss ratio
incurred loss retro
indemnification
indemnify
indemnitee
indemnitor
indemnity
indemnity bond
indemnity clause
indemnity contract
indemnity payments
independent adjuster
independent agency system
independent contractor
independent directors policies
independently filed form
independent medical examination (IME)
independent practice association (IPA)
index
index-based contracts
index bureau
index clause
indexed deductible
indexing, indexation
indirect damage loss
Individual Risk Premium Modification (IRPM)
industrial hygiene control
industrial insured
industrial insured group
industrial life insurance
inflation clause
inflation factor
inflation guard provision
informal retention
information page
Information Practices Act (SB 1386) of 1977
informed consent
inherent defects insurance (IDI)
inherent vice
in-house counsel
initial premium
initial public offering (IPO)
initial public offering laddering claims
inland marine coverage
innkeepers legal liability
in rem endorsement
inside adjuster
inside directors
insider trading
insolvency clause
inspection bureau
inspection fees
inspection reports
installation floater
installment settlement
installment tail coverage
insurability
insurable interest
insurance
insurance agents errors and omissions
insurance commissioner
insurance contract
insurance department
insurance examiner
insurance exchange
Insurance Information Institute (III)
Insurance Institute for Highway Safety (IIHS)
insurance line
insurance policy
Insurance Regulatory Information System (IRIS)
insurance requirements
insurance risk
insurance risk management
insurance risk score
insurance risk scoring
Insurance Services Office, Inc. (ISO)
insurance to value
insuratization
insured
insured contract
insured fixed-price cleanup (IFC)
insured versus insured exclusion
insurer
insurer insolvency exclusion
insurer-sponsored agency captive
insuring agreement
integrated disability management (IDM)
integrated excess policies
integrated project delivery (IPD)
integrated risk
intellectual property
intellectual property defense cost reimbursement insurance
intellectual property infringement abatement insurance
interchange agreements
interest rate risk
interim bill
interim (permit) status
inter-insurance exchange
Interjurisdictional Agreement on Workers Compensation (IJA)
Interjurisdictional Trucking Agreement (ITA)
interlining
interlocutory appeal
intermediary
intermediary clause
intermodal
Intermodal Surface Transportation Efficiency Act (ISTEA) of 1991
International Fuel Tax Agreement (IFTA)
International Registration Plan (IRP)
international reverse business
interpolicy stacking
interrelated claims provisions
interrogatory
interstate commerce
Interstate Commerce Act of 1887
Interstate Commerce Commission (ICC)
Interstate Commerce Commission Termination Act of 1995
interstate experience rating
intrafamily immunity
intrapolicy stacking
intrastate commerce
intrastate experience rating
invasion of privacy
Investment Company Act of 1940
investment income
investment risk
invitee
irrevocable beneficiary
irrevocable letter of credit (ILOC)
issued business
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
J
jettison
jewelers block insurance
job safety analysis (JSA)
joint and several liability
joint and survivorship annuity
joint annuity
Joint Commission on Accreditation of Healthcare Organizations (JCAHO)
joint defense
joint employer
joint insurance
joint underwriting association (JUA)
joint venture
joisted masonry construction
Jones Act (Merchant Marine Act of 1920)
judgmental immunity
judgment rates
jumping juvenile insurance
jump process
Jumpstart Our Business Startups (JOBS) Act
jurisdiction
jury waiver provision
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
K
Kenney ratio
Keogh Act plan
key man insurance
kidnap/ransom insurance
known loss provision
known loss rule
Kotecki waiver
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
L
labor contractor
Lamb-Weston rule
lapse
lapse ratio
laptop exclusion
large deductible plan
large line capacity
laser exclusion
last injurious exposure
latent defect
lateral hire
laundry listing
law clerk
law enforcement officers liability
law of large numbers
lawyers professional liability coverage
layering
lay-up
lay-up warranty
LC5-lethal concentration
LD50-lethal dose
leading
lead reinsurer
lead umbrella
lean construction
leasehold interest
legal action against insurer
legal liability coverage form (ISO)
Legal Principles Claim Specialist (LPCS)
legal risk
lender liability
lenders liability coverage
lenders loss payable endorsement
lessee
lessees of safe deposit boxes coverage form I
lessor
less than truckload (LTL)
letter of credit (LOC)
leverage
liability
liability for guests’ property, premises coverage form L
liability for guests’ property, safe deposit box coverage form K
liability insurance
liability limits
Liability Risk Retention Act of 1996
libel
liberalization clause
license
license and permit bond
licensed insurer/reinsurer
lien
life expectancy
life insurance trust
Life Office Management Association (LOMA)
Life Underwriter Training Council (LUTC)
Lilly Ledbetter Fair Pay Act of 2009
limit
limitation of liability clause
limitation of risk
limited liability company (LLC)
limited losses
limited Mexico coverage endorsement
limited severability provision
limit of insurance
limit of liability
“limits reduction” provision
limits under multiple policy (LUMP) years
line
line of business
line sheet
line slip
liquidated damages
liquidity
liquidity ratio
liquidity risk
liquor law liability (dramshop)
litigation
litigation management
little Miller Acts
livestock collision
livestock coverage form
livestock mortality insurance
Lloyd’s broker
Lloyd’s central fund
Lloyd’s managing agent
Lloyd’s members’ agent
Lloyd’s of London
Lloyd’s syndicate
Lloyd’s underwriter
loan-backs
loan participation coverage
locality standard
London form (BFPD)
London Interbank Offered Rate (LIBOR)
Longshore and Harbor Workers’ Compensation Act (LHWCA) of 1927
long tail liability
long-term disability (LTD) income insurance
long-term insurance
loss
loss adjustment expense (LAE)
loss assessment
loss carryforward
loss conditions
loss constant
loss control
loss control report
loss conversion factor (LCF)
loss costs
loss damage waiver (LDW)
loss development
loss development factor (LDF)
losses incurred
losses in excess of policy limits
loss forecasting
loss limit
loss limitation
loss loading (multiplier)
loss mitigation underwriting (LMU)
loss of consortium suits
loss of income coverage
loss payable clause
loss payee
loss payout curve
loss pick
loss portfolio agreements
loss portfolio transfer (LPT)
loss prevention
loss rating
loss ratio
loss ratio coverage
loss reduction
loss report
loss reserve
loss reserve stability
loss run
loss sensitive plans
loss trending
loss triangle
lost policy release
lowest achievable emission rate
low speed vehicle (LSV)
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
M
maintenance, cure, and wages
maintenance wrap-up
major life activity
major medical insurance
major shareholder exclusion
malicious prosecution
malpractice
malpractice insurance
malware
managed care
managed care coverage endorsement
managed care liability insurance
managed care organization (MCO)
management advisory services
management liability insurance
Management Liability Insurance Specialist (MLIS®)
managing general agent (MGA)
managing general underwriter (MGU)
mandatory arbitration provision
mandatory securities valuation reserve
manifestation theory
manifest system
manual premium
manual rates
manufacturers and contractors (M&C) insurance
manufacturers output policy (MOP)
manufacturers penalty insurance
manufacturer’s selling price endorsement
manuscript certificate of insurance
manuscript form or policy
margin clause
marina operators legal liability coverage
marine insurance
maritime law
market conduct
market conduct exam
market cycles
market risk
market service agreement (MSA)
market value
market value clause
masonry noncombustible construction
master policy
matching deductible
material safety data sheet (MSDS)
mature
mature claims-made
maturity
maturity date
maximum foreseeable loss (MFL)
maximum medical improvement (MMI)
maximum possible loss (MPL)
maximum premium
McCarran-Ferguson Act (Public Law 15) of 1945
MCS-90 endorsement
mean reserve
means and methods of construction
mean/variance/covariance (MVC) risk modeling method
media liability coverage
mediation
mediation incentive deductible
Medicaid
medical fee schedule
Medical Injury Compensation Reform Act (MICRA) of 1975
medical malpractice “caps”
medical malpractice insurance
medical payments, auto
medical payments, general liability
medical payments, homeowners
Medicare
Medicare fraud and abuse insurance
Medicare, Medicaid, and SCHIP Extension Act (MMSEA) of 2007
Medicare set-aside
med-mal
membership accounting
members of Lloyd’s of London
mental impairment
mental-mental injuries
menu-driven policy
mercantile open stock
mercantile robbery
mercantile safe burglary
Meredith Principles
Mexico coverage
midi-tail
Migrant and Seasonal Agricultural Worker Protection Act (MSAWPA) of 1983
mill construction
Miller Act of 1935
Million Dollar Round Table (MDRT)
mine subsidence coverage
minimum and deposit (M&D)
minimum deposit policy
minimum premium
ministerial exception
mini-tail
mini-trial
minor’s compromise
miscellaneous liability coverage
misrepresentation
misstatement of age provision
mixed-motive evidentiary standard (in employment discrimination cases)
mix of services
mobile equipment
mobile home policy
model
model act
modification factor (the “mod”)
modified fire-resistive construction
modified premium
monetary threshold
money and securities broad form policy
money orders and counterfeit paper currency insurance
monoline
monopolistic state funds
Monte Carlo simulation (MCS)
Montrose doctrine
Montrose provision
moonlighting coverage
morale hazard
moral hazard
morbidity
mortality
mortality table
mortgage-backed security
mortgage errors and omissions insurance
mortgageholders
mortgage impairment insurance
mortgage insurance
mortgage (mortgagee) clause
most favored venue wording
motion
motion in limine
motion practice
motion to dismiss
Motor Carrier Act (MCA) of 1980
Motor Carrier Act Endorsement
motor carrier policy
motorcycle insurance
motor home policy
motor truck cargo
motor vehicle
motor vehicle insurance law
motor vehicle record (MVR)
motor vehicle registration law
moving cause
multiemployer pension and benefit plans
multi-peril crop insurance (MPCI)
multi-period excess earnings (MPEE) method
multiple coordinated policies
multiple indemnity
multiple parent captive
multiple protection insurance
multiple trigger insurance contracts
multiplied damages
multiyear single limit (MYSL)
mutual additional insured status
mutual benefit association
mutual company
mutual fund
mutual insurer
mutualization
mutual law enforcement agreements
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
N
name
named insured
named nonowner policy or endorsement
named perils coverage
name partner
National Association of Insurance Commissioners (NAIC)
National Association of Registered Agents and Brokers (NARAB)
National Council on Compensation Insurance (NCCI)
National Flood Insurance Program (NFIP)
National Highway Traffic Safety Administration (NHTSA)
National Independent Statistical Service (NISS)
nationalization
National Practitioner Data Bank (NPDB)
National Priorities List (NPL)
National Response Center
National Response Team (NRT)
National Safety Council
Nationwide Marine Definition
natural death
naturally occurring asbestos (NOA)
naturally occurring substances
negative basis
negligence
negligence per se
negligent entrustment
negligent evaluation
negligent provider selection
negligent referral
negligent retention
net interest earned
net level premium
net line
net loss
net loss reserves
net present value
net retained liability
net retention
net risk (risk limitation)
network
net written premium
new for old
newly acquired entities
newsgathering torts
New Source Performance Standards (NSPS)
nexus
NFC mortality rate
no-fault
no further remedial action planned
nonadmitted asset
nonadmitted balance
nonadmitted insurance
nonadmitted insurance (international insurance)
nonadmitted insurer
nonadmitted reinsurance
Nonappropriated Fund Instrumentalities Act of 1952
nonassessable
nonassignable
noncertified act of terrorism
noncombustible construction
nonconcurrency
nonconcurrency of coverage triggers
noncontributing, noncontributory
noncontributory insurance
noncontrolled foreign corporation (NCFC)
noncorrelated risks
noncumulation of limits provisions
nonderivative suits
nonduplication of benefits
noneconomic damages
nonengagement letter
nonfiled line of coverage
nonforfeiture values
nonimputation provision
noninsurable risk
noninsurance
noninsurance risk transfer
nonledger assets
nonmedical
nonoperating working interest
nonowned automobile
nonparticipating (non-par)
nonparticipation settlement clause
nonpecuniary relief
nonpracticing extension
nonprofit directors and officers liability insurance
nonprofit insurers
nonproportional reinsurance
nonqualified plans
nonratable elements
nonrescission provision
nonresident agent
nonstandard auto insurance
nonsubject premium
nonsubscription
nonsuit
nontransferability provisions
noon clause
no-pay, no-play laws
normal loss
North American Industry Classification System (NAICS)
nose coverage
notary claim exclusion
notice
notice of cancellation endorsement
notice of cancellation/nonrenewal clauses
notice of circumstances during extended reporting period provision
notice of claim provision
notice of occurrence
notice of potential claim provision
notice to the company
novation
nuclear, biological, chemical (NBC) weapons
nuclear, biological, chemical, radiological attack/weapon
nuclear exclusion
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
O
object
objective findings
obligatory treaty
obligee
obligor
occupational accident insurance
occupational classification
occupational disease
occupational injury
occupational manual
occurrence
occurrence policy
occurrence year
ocean marine coverage
of counsel
off-balance-sheet risk
off-duty coverage
offer
offeree
offer of judgment
offeror
office burglary and robbery
Office of Motor Carrier Standards (OMCS)
off-premises power coverage
offset clause
offshore captive
omnibus clause
on-demand bonds, bank guarantees
ongoing operations
Online Privacy Protection Act of 2003 (AB68)
onshore captive
open perils
open rating
open stock burglary policy
operating cash flow
operating earnings
operational capital
operational risk
operational risk financing securities (ORFS)
operational risk management (ORM)
operators extra expense (OEE)
optimization
optimum level of risk retention
option
optionally renewable
option backdating
option instruments
option spring-loading
opt-out lawsuits
ordinance or law coverage
ordinary construction
ordinary life
ordinary payroll limitation or exclusion endorsement
organizational documents
organizational risk
organizing
original gross premium (OGP)
original insurer
ostensible agency liability
other insurance clause
other states coverage
other structures: homeowners policy
other-than-collision coverage
other underwriting income
outcomes measurement
outer continental shelf
Outer Continental Shelf Lands Act (OCSLA) of 1953
out of employment
outplacement services
outside directors
outside directorship liability coverage
outstanding losses
outstanding loss reserves (OSLR)
outstanding premiums
overall operating ratio
overinsurance
overlapping insurance
over-line
override
overriding commission
overtime surcharge
owner controlled insurance program (OCIP)
owner-operator
owners and contractors protective (OCP) liability coverage
ownership clause
owners, landlords, and tenants (OL&T) liability policy
owners protective errors and omissions insurance coverage
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
P
package policy
paid-in capital
paid losses
paid loss retrospective rating plan
paid up
paid-up additions
pain and suffering
pair or set clause
panel counsel
par
paralegal
parallel proceedings
parameter risk
parcel post coverage
parent company
pari passu rule
parol evidence
Part A permit, Part B permit
partial disability
partial loss
partial retention
participant
participating (par)
participating policy
participating reinsurance
particular average
partner
partner controlled insurance program (PCIP)
partner track
party
party-in-interest transactions
party walls
passive foreign investment company (PFIC)
passive loss
passive retention
pass-through entity
patent infringement
patient compensation funds
patient dumping
Patient Protection and Affordable Care Act (PPACA)
Patient’s Bill of Rights legislation
Paul v. Virginia
payment account
payment bond
payor benefit
payout profile
pay practices claims
payroll
payroll audit
payroll deduction
payroll limitation
payroll limitation or exclusion endorsement
peer review
penal sum
penalty
pension
Pension Benefit Guaranty Corporation (PBGC)
Pension Protection Act of 2006
per capita
percentage participation
per diem business interruption coverage
perfect hedge
performance bond
performance ratio
peril
peril of the sea
per-loss deductible
permanent and stationary
permanent life insurance
permanent partial disability
permanent total disability
per occurrence limit
per occurrence limitation of liability provision
per person limit
per risk excess reinsurance
personal and advertising injury
personal articles floater
personal auto policy (PAP)
personal effects floater
Personal Information Protection and Electronic Documents Act (PIPEDA) of 2000
personal injury (PI)
personal injury protection (PIP)/no-fault
personal liability coverage
personal lines
personally identifiable information (PII)
personal profit exclusion
personal property
personal risk management (PRM)
personal umbrella policy
personnel risk
per stirpes
phishing
physical hazard
physical impairment
physical-mental injuries
physical rehabilitation
pilot warranty, aircraft
placement service agreement (PSA)
placement slips
plain language laws
plaintiff
planned retention
planning
plate glass insurance
pleadings
point-of-entry treatment device
point-of-use treatment device
police professional liability insurance
policy
policy anniversary
policy conditions
policy date
policy definitions
policy dividend
policy expense allowance
policy fee
policyholder
policyholder dividends
policyholder surplus
policy loan
policy owner
policy period
policy registers
policy reserve
policy territory
policy writing agent
policy year
policy year experience
political risk insurance
pollutant
pollutant standard index (PSI)
pollution
pollution exclusion
Ponzi scheme
pool
portfolio
portfolio reinsurance
portfolio return
portfolio runoff
portfolio transfer
Port Risk
post-emergency recovery
postmortem dividend
potentially responsible party (PRP)
power of attorney
practice insurance policy
practice policy
preamble
preauthorized check plan
precedent
pre-claim advice credit
predecessor firm coverage
predictive analytics (PA) or modeling
predominant cause
preexisting condition
preferred provider organization (PPO)
preferred risk
Pregnancy Discrimination Act (PDA) of 1978
prejudgment interest
premises
premises burglary coverage
premises-operations
premises theft and outside robbery coverage form H
premium
premium, advance
premium audit
premium basis
premium capacity
premium deposit
premium discount
premium loan
premium notice
premium payment plan
premium prepayment
premium, pure
premium reserve
premiums earned
premium tax
prepaid legal plans
preponderance of evidence
present value
preservation of property
pre-set allocation provision
presumption
presumptive indemnification provision
primary and noncontributory
primary beneficiary
primary cover
primary insurer
primary liability
principal
principal sum
principle of indemnification
prior acts coverage
prior and pending litigation exclusion
priority of payments provision
prior work exclusion
private carrier
private company directors and officers liability insurance
private crop-hail insurance
private equity firm
Private Letter Ruling
privately held corporation
private placement
Private Securities Litigation Reform Act of 1995
privileged communication
privity of contract
probability
probability analysis
probability of ruin
probable maximum loss (PML)
probationary period
proceeds
process
process risk
process wastewater
procuring cause
producer
producer-owned reinsurance company (PORC)
product
product disparagement
production contracts
production of documents
product liability
product liability exclusion
product liability insurance
product recall
products-completed operations
products guarantee legal liability
products tampering insurance
professional employer organization (PEO)
professional liability
professional reinsurer
professional services exclusion
profit center captives
profit commission
profit sharing plan
pro forma (projected) financial statements
program business
progressive injury or damage
prohibited risk
prohibited transaction exemption (PTE)
prohibited transactions
prohibition of voluntary payments provision
pro hoc vice
project liability insurance
project management protective liability (PMPL) insurance
promisee
promisor
promissory estoppel
promissory note
proof of loss
Property Claim Law Associate (PCLA)
Property Claim Law Specialist (PCLS)
property damage (PD)
property insurance
property transfer liability insurance
proportional liability
proportional/pro rata reinsurance
proposal bond
pro rata
pro rata cancellation
pro rata distribution clause
pro rata reinsurance
proration
pro se
prospect
prospecting
prospective aggregates
prospective loss costs
prospective rating
protected cell captive (PCC)
protection and indemnity (P&I) insurance
protection classes
protective liability insurance
protective order
protective professional indemnity insurance
protective safeguards endorsement
provisional notice of cancellation (PNOC)
provisional premium
proximate cause
psychological rehabilitation
public adjuster
Public Company Accounting Oversight Board (PCAOB)
public easement
public employee dishonesty coverage
Public Law 15 (McCarran Act)
public liability insurance
publicly held corporation
public officials bond
public officials liability
public officials liability insurance
public or livery conveyance use
public policy exception
public private partnership
Public Risk Management Association (PRIMA)
publishers liability
punitive damages
purchasing group
pure captive
pure claims-made policy
pure endowment
pure loss cost
pure premium
pure risk
purpose not designated exclusion, aircraft
putting in expenses
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Q
qualified person with a disability
qualified plan
qualified self-insurer
qualitative claim auditing
Quality Indicator Profile (QIP)
quantitative claim auditing
quantity discount
quantum meruit
quasi contract
quick assets
quid pro quo
quid pro quo sexual harassment
quota share reinsurance
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
R
Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970
radiological weapon
radius class
radius of operations
railroad protective liability
railroad sidetrack agreement
rainmaker
ratable losses
rate
rate basis
rated insurer
rate discrimination
rate making
rate manual
rate of natural change
rate on line (ROL)
rating
rating bureau
rating class
rating experience
rating methodology
rating organization
readjustment income
real estate brokers errors and omissions
real property
reasonable accommodation
reasonable expectations doctrine
reasonable repairs
reasonably available control technology (RACT)
rebate
rebating
recapture
reciprocal
reciprocal insurance
reciprocity
rectification coverage
recurrent disability
recurring clause
redact
redlining
redomiciling
reduced paid-up insurance
reformation (of an insurance policy)
refund annuity
registered agent
registered mail coverage
Registered Professional Liability Underwriter (RPLU)
registers
regression analysis
regulated asbestos-containing material (RACM)
regulated medical waste
Regulation 114 Trust
regulatory agency exclusion
regulatory estoppel
regulatory risk
rehabilitation management
reimbursement policies
reinstatement
reinstatement premium
reinsurance
reinsurance agreement
reinsurance assumed
reinsurance captive
reinsurance ceded
reinsurance commission
reinsurance confirmation
reinsurance credit
reinsurance facility
reinsurance/hedging strategy optimization
reinsurance intermediaries
reinsurance pool
reinsurance premium
reinsurance recoverable
reinsurance sidecar
reinsurance treaty
reinsurance wheel
reinsured
reinsurer
reinsurer’s margin
related claims provisions
related party insurance income (RPII)
related product liability exclusion
related risk
release
relief well coverage
remedial action (RA)
remedial design
remedial investigation
remedial project manager (RPM)
remedial response
remediation
remediation cost cap policy
remote cause
remuneration
renewable term
renewal certificate
renewal policy
rent-a-captive
rental captive
rental cost reimbursement (cost of hire) endorsement
rental reimbursement coverage endorsement
rents or rental value insurance
repatriation
repatriation of dividends insurance
replacement cost coverage
reportable quantity (RQ)
reported losses
reporting form coverage
reporting lag
repossessed autos endorsement
representation
representations and warranties insurance
reproduction cost
reputational risk
request for proposal (RFP)
rescission
Research and Special Programs Administration (RSPA)
reservation of rights
reserve
reserved but not enough (RBNE)
residence employee: homeowners policy
resident agent
residential wrap-up
residual market
residual market load (RML)
residual market loading
residual value insurance
res ipsa loquitur
res judicata
Resource Conservation and Recovery Act (RCRA) of 1976
respondeat superior
response action
Responsible Reporting Entity (RRE)
restitution of fees
restoration of limits provision
results standards
resumption plan
retail agent
retaliation claims
retaliatory law
retaliatory suits
retention
retention ability
retention plan
retired directors liability policies
retirement annuity
retirement income policy
retraction provisions
retroactive conversion
retroactive date
retroactive insurance
retrocedent
retrocession
retrocessionaire
retrocessional pools
retrospective rating
return of premium (or cash value)
return of professional fees exclusion
return of remuneration exclusion
return on equity (ROE)
return on risk-adjusted capital (RORAC)
return premium
return-to-work program
reverse flow business
reverse merger
reverse takeover
reversionary
rider
riggers liability insurance
right of offset
right of recourse provision
right to repair law
rip and tear coverage
risk
risk-adjusted return on capital (RAROC)
risk-adjusted return on risk-adjusted capital (RARORAC)
risk-adjustment investment (capital)
Risk and Insurance Management Society, Inc. (RIMS)
risk appetite
risk assumption
risk-based capital (RBC) requirements
risk capital
risk charge
risk concentration
risk control
risk dashboard
risk distribution
risk financing
risk gap
risk identification
risk index
risk management
risk management information system (RMIS)
risk management process
risk management techniques
risk manager
risk map/mapping
risk pool
risk prioritization
risk profile
risk purchasing group (RPG)
risk quantification
risk reduction
risk retention
Risk Retention Act (RRA) of 1986
risk retention group (RRG)
risk securitization
risk sharing
risk shifting
risk smoothing
risk tolerance
risk types
risk volatility
road rage
robbery
robbery and safe burglary coverage, money and securities form Q
robbery and safe burglary coverage, other than money and securities form D
robo-signing
rolling policy limits
rolling stock
rolling wrap-up
Rule 11 sanctions
running down clause
runoff provision
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
S
safe burglary insurance
safe deposit box coverage
safe depository coverage
Saffir-Simpson scale
sale bond
sales
salesmen’s samples coverage
saline substances contamination endorsement
salvage
salvage value
Sarbanes-Oxley Act (SARBOX, SOX, SOx) of 2002
“say-on-pay” provision
schedule
schedule bond
scheduled limits
scheduled loss
“Schedule P” reserve
schedule rating
school board legal liability insurance
school board liability coverage
screening clients/cases
Sears v. Commissioner
seasonal risk
secondary beneficiary
secondary classification—special industry class
secondary dependent properties
secondary payer
second surplus reinsurance
Section 501(c) of the U.S. Internal Revenue Code
Securities Act of 1933
securities class action claims
securities deposited with others coverage form J
Securities Exchange Act of 1934
securities insuring agreement
securities valuation reserve
securitization
securitization of risk
security holder exclusion
security requirements
seedsmen’s errors and omissions liability insurance
segregated cell captive (SCC)
segregation
selected tender
selection
self-contained policy
self-insurance
self-insurance pool
self-insured retention (SIR)
self-insurer’s bond
self-procurement taxes
self rating
selling price clause or endorsement
Senior Claim Law Associate (SCLA)
separate account
service fulfillment insurance
servicing carrier
servicing contractors rider
setoff
settlement lag
settlement options
settlement programs
severability of exclusions
severability of interests clause
severability provision in directors and officers applications
several liability
severance pay
severance pay exception wording
severity
sexual abuse exclusion
sexual harassment
share reinsurance
share repurchases
Sharpe ratio
shortfall risk
short-rate cancellation
shrinking limits defense provision
shrink-wrap agreement
Side A coverage
Side A-only coverage
Side B coverage
sidecar reinsurance
Side C coverage
sidetrack agreement
signaling capital
significant deviation
silica
silo factor
simulation risk modeling method (often called Monte Carlo method)
single entity coverage
single-entry multiple company interface (SEMCI)
single interest insurance
single-owner captive
single-parent captive
single premium insurance
single state registration system (SSRS)
sinkhole collapse
sistership liability exclusion
size class
slabbed
slander
sleep insurance
sliding scale
sliding scale commission
sliding scale dividend
slip
small quantity generator
smooth limits, aircraft
soft costs coverage
soft market
soft target
solicitor
solvency margin
solvency ratio
sophisticated insured
source revelation provisions
spamming
Spearin Doctrine
special acceptance
special causes of loss form (ISO)
special crime insurance
special damages
special employer
special flood hazard area (SFHA)
special investigative unit (SIU)
special litigation committee (SLC)
special mobile equipment
special or specialty risks
special perils
special personal auto policy (SPAP)
special purpose vehicle (SPV)
specialty risks
special waiver
specifications
specific excess insurance
specific limits
specific loss limit
specific rating
specified causes of loss coverage
specified perils coverage
speculative risk
speed to market
split dollar plans
split limits
sponsor
sponsored captive
spousal coverage
spousal coverage extension
spread loss reinsurance
spread of risk
spread sectors
sprinkler leakage coverage
spyware
SR-22
stabilization reserve
stacking
staff model health maintenance organization
stair stepping
stamp duty
stand-alone excess policy
stand-alone terrorism coverage
standard deviation
standard exceptions
standard fire policy (SFP) jurisdictions
standard form or standard policy
Standard Industrial Classification (SIC)
standard premium
standard property policy (ISO)
stare decisis
stat card
State Emergency Response Commission (SERC)
state funds
State Implementation Plans (SIP)
statement blank
static risk modeling
statistical codes
statistical method
statute of frauds
statute of limitations
statute of repose
statutory accounting principles (SAP)
statutory capital
statutory coverages
statutory inspections
statutory insurance
statutory law
stay of proceedings
stevedores legal liability coverage
stevedoring
stipulation
stochastic dominance
stock captive
stock company
stock option
stock option claims
stop gap endorsement
stop loss
stop-loss reinsurance (SLR)
storekeepers broad form
storekeepers burglary and robbery policy
storm surge
Stowers Doctrine
straight life policy
strategic risk
strategic risk management
strict liability
strike coverage
strike price
strikes, riots, and civil commotions (SR&CC) warranty
strike-through clause
structural risk modeling methods
structured finance
structured settlement
subbroker
subcontractor default insurance
subcontractor exception
subguard insurance
subject business
subjective symptoms
subject of insurance
subject policies
subject premium
sublimit
submission
Subpart F income
subpoena
subpoena duces tecum
subprime loans
subrogation
subrogation provision
subrogation waiver
subsidence
substandard
substitute physician coverage endorsement
“sudden and accidental”
sue and labor clause
summary judgment
summons
sump pump
Superfund
superintendent of insurance
superseded surety rider
supervision coverage
supplemental extended reporting period (SERP)
supplementary employee retirement plan (SERP)
supplementary payments
surety
surety bond
surplus
surplus line
surplus lines broker
surplus lines insurance
surplus notes
surplus reinsurance
surplus relief
surplus share
surrender
survey
survival action
suspension of coverage endorsement
swap
swaption
swing plans
syndicate
system safety approach
systems performance insurance
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
T
tail
tail coverage
tail value at risk (Tail VaR) or tail conditional expectation (TCE)
takaful
targeted enterprise risk insurance (TERI)
targeted tender
target risk
tariff
tax acceleration
tax factor
tax harmonization
tax interruption coverage
tax multiplier
tax opinion insurance
Tax Reform Act (TRA) of 1984
Technical and Miscellaneous Revenue Act (TAMRA) of 1988
technique of operations review (TOR) system
technology errors and omissions insurance (tech E&O)
telecommuting
telemedicine
Telephone Consumer Protection Act (TCPA) of 1991
temporary partial disability
temporary total disability
tender of defense
tender offer defense expense
10/10 Rule
terminal coverage
terminal operator
termination
term life insurance
terrorism
terrorism endorsement
terrorism insurance
Terrorism Risk Insurance Act (TRIA) of 2002
Terrorism Risk Insurance Extension Act (TRIEA) of 2005
Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2007
tertiary beneficiary
testing coverage
test modifier
that particular part
theft, disappearance, and destruction of money and securities coverage form
C
thermal pollution
third party
third-party administrator (TPA)
third-party beneficiary principle
third-party claims
third-party liability coverage
third-party lien
third-party-over action
third-party risk
threshold
threshold level
threshold limit value (TLV)
tie-in endorsements
time element insurance
time element loss
time series analysis
time value of money
timing risk
Title VII of the Civil Rights Act of 1964
tolling a statute of limitations
tontine
tool and die floater
tort
tortfeasor
tort threshold
total disability
total insurable value (TIV)
total insured value provision
total pollution exclusion
Toxic Substances Control Act (TSCA) of 1976
toxic tort
tradable risk
trade disruption insurance
trade dress
trade libel
trading loss coverage
trailer interchange insurance
tranche
transfer of risk
transfer pricing
transit coverage
transitional duties
transportation expenses
travel agents errors and omissions insurance
travel insurance
treaty
treaty reinsurance
trend analysis
trend factor
trespasser
trial court
trip lease
triple excess coverage
triple trigger theory
trip permit
trip transit insurance
Trojan horse
truckers downtime insurance
truckers policy
truckload (TL)
trust agreement
trust department errors and omissions coverage
trustee
trust fund
T3 Lloyd’s form
turnkey operation
twisting
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
U
uberrimae fidae
ultimate loss
ultimate net loss
ultra vires acts
umbrella liability policy
unaffiliated business
unallocated benefit
unallocated loss adjustment expense (ULAE)
unauthorized insurer
unbundling
unconditional settlement clause
unconscious bias
underground property damage
underinsurance
underinsured motorists (UIM) coverage
underlyers
underlying coverage
underlying interest
underlying premium
underwriter
underwriting
underwriting agency
underwriting capacity
underwriting cash flow
underwriting class
underwriting cycle
underwriting expense
underwriting guidelines
underwriting manager
underwriting member
underwriting period
underwriting profit
underwriting risk
underwriting year experience
undue hardship
unearned premium (UEP)
unearned premium reserve
unearned reinsurance premium
unfunded retention
unfunded self-insurance
Unified Carrier Registration Agreement (UCRA)
Uniformed Services Employment and Reemployment Rights Act (USERRA) of 1994
uniform resource locator (URL)
Uniform Task Based Management System (UTBMS)
unilateral contract
unilateral extended reporting period provision
unimpaired surplus
uninsured motorists (UM) coverage
unit statistical card
universal life insurance
unnamed pilot exclusion
unoccupied
unplanned retention
unrelated business
unrelated business income tax (UBIT)
unrelated risk
unreported claims
unseaworthiness
unusual expenses
upset coverage
use and occupancy insurance
U.S. Longshore and Harbor Workers’ Compensation Act
usurped power
utility service interruption coverage
utilization review
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
V
vacancy permit endorsement
vacancy provision
vacant
valuable papers and records coverage
valuation
valuation date
value-added services
value-at-risk (VAR)
valued business interruption coverage
valued coverage
value of risk (VOR)
value reporting form
values
vanishing premium
variable annuity
variable interest entity (VIE)
variable life insurance
vendors coverage
vendors dual interest coverage
vendors endorsement
vendors single interest coverage
venturi scrubbers
venue
verbal threshold
vermin
vertical exhaustion rule
vessel in navigation
vesting
vexatious litigant
viatical settlement
vicarious liability
Video Privacy Protection Act (VPPA) of 1988
vis major
vocational rehabilitation
void
voidable
voluntary compensation endorsement
voluntary compensation maritime coverage endorsement
Voluntary Employees’ Beneficiary Association (VEBA)
voluntary market
Voluntary Protection Program (VPP)
voluntary reserve
Volunteer Protection Act of 1997
voyage clause
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
W
wage and hour claims
wage and hour insurance coverage endorsement
wages, maintenance, and cure
waiting period deductible
waiver
waiver of inventory
waiver of premium
waiver of recourse endorsement
waiver of subrogation
warehouse operators legal liability insurance
warehouse to warehouse clause
warehousing
war exclusion
WARN Act exclusion
warrant
warranty
war risk clause
war risk insurance
Warsaw Convention
waste load allocation
waterborne equipment exclusion
water quality-based limitations
water quality-based permit
water quality standards
weapon of mass destruction (WMD)
Web hosting
wedding insurance
weighted average cost of capital (WACC)
weighted average loss forecasting
welfare and pension plan bond coverage
well control insurance
wellness program
wet methods
wharfinger legal liability coverage
whistleblower claim
whistleblower provision
whistleblower statutes
whole life insurance
wholesale agent
wholesale broker
wholesale health insurance
wholesale insurance
wind or hail deductible
window plan
with average (WA)
with average 3 percent (WA 3%)
without prejudice
with prejudice
workers compensation
workers compensation and employers liability policy
workers compensation catastrophe cover
Workers’ Compensation Claim Law Associate (WCLA)
Workers’ Compensation Claim Law Specialist (WCLS)
work hardening
working layer
workmanship exclusion
work performed exclusion
workplace tort
workplace violence insurance
worldwide insurance program
wrap-around policy
wrap-around risk financing program
wrap-up
wrap-up exclusion endorsement
writ
write
Write-Your-Own (WYO) Program
written premium
wrongful act
wrongful death claim
wrongful termination
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
X
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Y
year 2000 (Y2K) exclusion
Yellow Book
York Antwerp Rules
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Z
zero-beta asset
Z-list
zone rating
zone system
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
Copyright � International Risk Management Institute, Inc. (IRMI)
www.IRMI.com/Online/Insurance-Glossary/