Glossary – P - ALIGNED 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

P

package policy

paid-in capital

paid losses

paid loss retrospective rating plan

Part A permit, Part B permit

participating reinsurance

particular average

partner

partner controlled insurance program (PCIP)

partner track

party

party-in-interest transactions

party walls

passive foreign investment company (PFIC)

patient compensation funds

patient dumping

Patient Protection and Affordable Care Act (PPACA)

Patient's Bill of Rights legislation

payroll limitation or exclusion endorsement

Pension Benefit Guaranty Corporation (PBGC)

Pension Protection Act of 2006

per capita

percentage participation

per diem business interruption coverage

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

physical-mental injuries

physical rehabilitation

pilot warranty, aircraft

placement service agreement (PSA)

plate glass insurance

pleadings

point-of-entry treatment device

point-of-use treatment device

police professional liability insurance

policy expense allowance

policy fee

policyholder

policyholder dividends

policy year experience

political risk insurance

pollutant

pollutant standard index (PSI)

portfolio reinsurance

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

preponderance of evidence

present value

preservation of property

pre-set allocation provision

presumption

presumptive indemnification provision

primary and noncontributory

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

probable maximum loss (PML)

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

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

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)

pure claims-made policy

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

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Glossary – P

P