Glossary – L

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

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