Glossary – O

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

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