Glossary

Insurance and Risk Management Terms

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A


A201 Construction Contract

abandonment


abatement


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


ACM

acquisition costs


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


ACV


ADA


AD&D


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


adhesive 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 insurer


admitted reinsurer


ADR


advanced wastewater treatment

advance loss of profit (ALOP) insurance


advancement of defense costs provision


adverse selection


advertisement


advertising injury

advisory endorsement


A&E


aerobic treatment


affiliated companies


affiliated risk

affinity sales


affirmative defense


afterburner


aftermarket parts


AGC

Age Discrimination in Employment Act (ADEA) of 1967


agency


agency agreement


agency captive


agency construction management

agency plant


agency system


agent


agent of record


agent’s 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


AIA


airborne particulates


air quality control region

air quality standards


air stripping


air toxins


ALAE


ALE

aleatory contract


alienated premises


alien insurer


allegations


allied healthcare professional liability insurance

allocated expenses


allocated loss adjustment expenses (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 minimum tax (AMT)


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, Inc. (AICPCU)


American Institute of Architects (AIA)


American Institute of Certified Public Accountants (AICPA)


Americans With Disabilities Act (ADA)

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 cause (ACC) provision


anti-indemnity statute

anti-stacking provisions


anti-theft 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


ARM


asbestos


asbestos abatement


asbestos containing material (ACM)


asbestos program manager

ASO


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


at-risk construction management

attachment basis


attachment point


attained age


attorney/client communication


attorney work product

attractive nuisance doctrine


auction rate security (ARS)


audit


authorized non-admitted 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


AWW

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B


back-dated liability insurance


back pay


back-to-back deductible


BACM


bad faith

bailee


bailee coverage


balance


balance billing


bancassurance

bank


bank assurance


bankers professional liability (BPL) insurance


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


BDAT


beauty contest


below-target-risk (BTR)


BEN

benchmarking


bench-scale tests


bench trial


beneficiary


benefits

benefits payable exclusion


BERP


best available control measures (BACM)


best demonstrated available technology (BDAT)


Best’s Capital Adequacy Ratio (BCAR)

Best’s Rating


betterment clause


BFPD


bid bond


bid deducts

bifurcation


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


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


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 insurance


bond


bonding


book value

boom coverage


BOP


bordereau


borderline risk


Bornhuetter-Ferguson technique

borrowed servant rule


boutique law firm


BPL


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


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


business continuity management (BCM)


business income coverage


business income worksheet

business interruption coverage


business interruption worksheet


business judgment rule


business legal expense insurance


business risk

businessowners policy (BOP)


business use class


buyback deductible


buyers’ market


buyout settlement clause

buy/sell agreement

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C


CAA


Cable Communications Policy Act (CPPA)


calendar year experience


cancelable


cancel and rewrite

cancellation


C and F


candidate analysis


CAN-SPAM Act


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


CAPM


captain of the ship doctrine

captive


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)


carrier

carryover provision


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


causes of loss


causes of loss forms (ISO)


CCC

cedant


cede


ceded premiums


ceding commission


ceding company

cell captive


central collection point


central tendency


CERCLA


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


CFC

CGL


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)


Choice no-fault


chronic toxicity


chronological stabilization plans

CIF


circumstance


Civil Rights Act of 1991


claim


claimant

claim expense


claims adjuster


claims administrator


claims audit


claims-made

claims-made and reported policy


claims-made and reported provision


claims-made multiplier


claims-made reinsurance


claims-paid policy

claims reserve


clash cover


class


class action


Class Action Fairness Act of 2005

class I area


Class 1 insureds


Class 2 insureds


classification


classified insurance

class of business


class rating


clause


Clean Air Act (CAA)


clean closure

cleanup fund


Clean Water Act (CWA)


client company


climate change risk


clinical patterns

closed-loop recycling


CLU


coded excess


codefendant


coding

coemployer


coemployment


COGSA


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


collision insurance

combination plan reinsurance


combination policy


combined ratio


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 on Sponsoring Organizations (COSO)

common accident


common carrier


common disaster


common law


common law defenses

common law liability


common policy conditions


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 3-D policy


comprehensive auto coverage


comprehensive auto liability (CAL)


comprehensive boiler and machinery coverage


Comprehensive Environmental Response Compensation and Liability Act (CERCLA)

comprehensive general liability (CGL) policy


comprehensive personal liability


compulsory insurance


compulsory insurance requirements (international insurance)


computer crime insurance

computer fraud coverage form


computer software design errors and omissions


concealment


concurrency


concurrent causation

concurrent-cause situation


concurrent insurance


conditional binding receipt


conditionally renewable


conditional payment clause

conditional vesting


conditions


condominium association coverage form (ISO)


confidence intervals (levels)


confiscation, expropriation, nationalization, and deprivation insurance

conflict of laws


ConsensusDOCS


consent judgment


consent to settlement clause


consequential bodily injury suits

consequential loss


conservator


consideration


consolidated insurance program (CIP)


Consolidated Omnibus Budget Reconciliation Act (COBRA)

consolidation


constructibility review


construction ban


construction defect


construction management agency

construction management at-risk


construction management (CM)


construction management professional liability insurance


Construction Risk and Insurance Specialist (CRIS)


constructive discharge

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 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 insurance (CAR)


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 Act of 2003
(CAN-SPAM)


control technique guidelines (CTG)


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


COP

COPE


core capital


corporate counsel


corporate governance


corporate override agreement

corporate reimbursement coverage


corporation


correlation/uncorrelation


corridor deductible


cost and freight (C and F)

cost, insurance, and freight (CIF)


cost of hire endorsement


cost of risk


cost of suit coverage


cost of well control

cosurety


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


cover note


CPCU


cradle-to-grave or manifest system

credentialing liability


credibility


credit carry-forward


credit default swap


credit for reinsurance

credit insurance


credit life insurance


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


CWA


cyberspace liability

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D


daily reports


“damage to premises rented to you”


“damages reduction” provision


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)

death rate


debit agent


debit life insurance


debit system


debris removal

decennial liability


declarations


declaratory judgment


declination


deductible

deductible, annual aggregate


deductible plan


deemer period


deemers


defamation

default


default insurance


defeasance


defendant


Defense Base Act

defense costs endorsements


defense clause


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 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 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


Digital Flood Insurance Rate Map (DFIRM)


diminution in value


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 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


discount rate


discovery

discovery cover


discovery period


discovery provision


discovery rule


discrimination

disease loading


dismemberment


dismissal


disparate impact discrimination


disparate treatment discrimination

dispersion


distributions


distribution system


diversification credit


divided risk endorsement

dividend accumulation


dividend addition


dividend options


dividends


divisible contract clause

docket control system


DOHSA


domestic insurer


domestic terrorism


domicile

domicile manager


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)


drop down provision

druggist liability insurance


dry pipe sprinkler system


dual agency


dual capacity


due diligence

duty to defend


duty to pay


dwelling


dwelling property coverage forms


dynamic financial analysis (DFA)

dynamic risk

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E


EAP


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


EC endorsement


ecological risk assessment

economic capital


economic cost of ruin (ECOR)


economic damages


Economic Loss Doctrine


economic or use value

economic value added (EVA)


EDD


EDP coverage


educators legal liability (ELL) insurance


EEO-1 report

effective date


effective tax rate


efficacy insurance


EFT system coverage


EIL insurance

election


election window


elective benefits


electrical damage or injury exclusion


Electronic Communications Privacy Act (ECPA)

electronic data


electronic data processing (EDP) coverage


electronic funds transfer (EFT) system coverage


electronic products errors and omissions (E&O) insurance


elevator insurance


eligibility period


elimination period


ELP factor


EMAP


embedded value

emergency


emergency medical technician (EMT) and paramedics professional liability


emergency response plan


emergency response values


employed lawyers professional liability insurance

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 (ERISA) liability


Employee Retirement Income Security Act (ERISA) of 1974

employee stock ownership plan (ESOP)


employee stock purchase plan


employee welfare benefit plans


employees as additional insureds


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


EMT


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


Engineering Joint Contracts Documents Committee (EJCDC)

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


EPLI


Equal Employment Opportunity Commission (EEOC)


Equal Pay Act of 1963


equipment breakdown insurance

equipment floater


equitable estoppel


erection all risks insurance (EAR)


ergonomics


Erie Doctrine

ERISA liability


ERISA stock drop litigation


ERM


ERP


ERPL

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


ETB


event

event insurance


event risk


event triggered financings


evidence


evidence of insurability

exacerbation


exception (to exclusion)


excess


excess and surplus (E&S) lines insurance


excess cover


excess insurance


excess interest


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

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F


face amount

facility emergency coordinator


factory firms


facultative


facultative automatic


facultative obligatory treaty

failure to collect contributions exclusion


failure to fund in accordance with ERISA exclusion


failure to insure exclusion


Fair Credit Reporting Act (FCRA)


FAIR (Fair Access to Insurance Requirements) Plans

Fair Labor Standards Act (FLSA) of 1938


fair rental value (FRV) coverage


faithful performance coverage


false pretense, trick, and device


Family and Medical Leave Act (FMLA) of 1993

farmowners insurance


FAS


FAS 5


FAS 113


FAS 115

FASB


FCE


FCMH&SA


FC&S warranty


feasibility study


Federal Coal Mine Health Safety Act (FCMH&SA)


federal crop insurance

Federal Emergency Management Agency (FEMA)


Federal Employers Liability Act (FELA)


federal excise tax (FET)


Federal Highway Administration (FHWA)


Federal Insurance Contribution Act (FICA)

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


FELA


fellow employee coverage


fellow employee exclusion


fellow employee suits coverage

Fellow in Risk Management (FRM)


Fellowship of the Chartered Insurance Institute (FCII)


FET


FICA


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)

financial capacity


financial disclosure claims


financial guarantee insurance


financial institution bond


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


floater policy


flood coverage


flood exclusion


flood insurance rate map (FIRM)

floor


FOB


FOB destination


follow form


follow form professional liability endorsement

following reinsurer


following the fortunes


forced placed


force majeure


force majeure insurance

foreign commerce


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 shopping

forward


forward contract


“four-corners” test


FPA


FPAAC

FPAEC


fractional premium


frame construction


franchise deductible


franchise insurance

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 (FOB destination)

freight broker


freight forwarder


frequency


friable asbestos


friendly fire

FRM


front company


front pay


fronted captive


fronting

FSLIC


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


garagekeepers coverage/garagekeepers legal liability


garagekeepers extra legal liability


garage liability insurance


garage policy


garment contractors floater

GCW


General Adjustment Bureau (GAB)


general agency system


general aggregate limit


general average losses

general counsel


general damages


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 of 2008


geographical (coverage territory) limitations


GIC


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


green building


greenmail exclusion


gross cessation


gross combination weight (GCW)

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 HMO

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


GVW

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


The Harper Group v. Commissioner


hazard

hazard class pricing


hazardous ranking system (HRS)


hazardous waste


hazard risk


HAZMAT

healing plateau


healthcare purchasers liability insurance


health care reimbursement plan


Health Insurance Portability and Accountability Act of 1996 (HIPAA)


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


HMO

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 professional liability (HPL) insurance


hostile fire

hostile work environment sexual harassment


host liquor liability


hot line


Household Goods Transportation Act


HPR property

HR-10 plan


HRS


hull coverage


Humana, Inc. 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


IBNR

ICC Termination Act of 1995


identity theft coverage


idiopathic injury


III


ILOC

IME


immediate annuity


immediately dangerous to life and health (IDLH)


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

independent medical evaluation (IME)


independently filed form


index


index-based contracts


index bureau

indexed deductible


indexing, indexation


indirect damage loss


individual practice association


Individual Risk Premium Modification (IRPM)

industrial hygiene control


industrial insured


industrial insured group


industrial life insurance


inflation factor

inflation guard provision


informal retention


information page


Information Practices Act (SB 1386)


informed consent

inherent defects insurance (IDI)


inherent vice


in-house counsel


initial premium


initial public offering (IPO)

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 agent’s 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 Cleanups (IFCs)


insured versus insured exclusion


insurer

insurer insolvency exclusion


insurer-sponsored agency captive


insuring agreement


integrated disability management (IDM)


integrated excess policies

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


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


Interstate Commerce Commission (ICC)


Interstate Commerce Commission (ICC) 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

IPO laddering claims


IRIS


irrevocable beneficiary


irrevocable letter of credit (ILOC)


ISO

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 associations


joint venture


joisted masonry construction


Jones Act (Merchant Marine Act of 1920)


judgmental immunity

judgment rates


jumping juvenile insurance


jump process


jurisdiction

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


LAE


Lamb-Weston Rule


lapse


lapse ratio

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


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


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 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)

Longshore and Harbor Workers Compensation Act (LHWCA)


long tail liability


long-term disability (LTD) income insurance


long-term insurance


loss

loss adjustment expense (LAE)


loss assessment


loss carry forward


loss conditions


loss constant

loss control


loss conversion factor (LCF)


loss costs


loss damage waiver (LDW)


loss development

loss development factor


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 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 sensitive plans


loss trending

loss triangle


lost policy release


lowest achievable emission rate

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


malicious prosecution


malpractice

malpractice insurance


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


manufacturer’s 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

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


M&C insurance


McCarran-Ferguson Act (Public Law 15)


MCS-90 endorsement


mean reserve


mean/variance/covariance (MVC) risk modeling method


media liability coverage

mediation


mediation incentive deductible


Medicaid


medical fee schedule


Medical Insurance Compensation Reform Act (MICRA)

Medical Malpractice “Caps”


medical malpractice insurance


medical payments, auto


medical payments, general liability


medical payments, homeowners

Medicare


Medicare fraud and abuse insurance


membership accounting


members of Lloyd’s of London


mental impairment

mental-mental injuries


menu-driven policy


mercantile open stock


mercantile robbery


mercantile safe burglary

methods and means (of construction)


Mexico coverage


MGU


midi-tail


Migrant and Seasonal Agricultural Worker Protection Act (MSAWPA)

mill construction


Miller Act


Million Dollar Round Table (MDRT)


mine subsidence coverage


minimum and deposit (M&D)


minimum deposit policy


minimum premium


mini-tail


mini-trial


minor’s compromise

miscellaneous liability coverage


misrepresentation


misstatement of age provision


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


Montrose doctrine


Montrose endorsement


moonlighting coverage


MOP

morale hazard


moral hazard


morbidity


mortality


mortality table

mortgage-backed security


mortgage errors and omissions insurance


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)


Motor Carrier Act Endorsement


motor carrier policy


motor home policy


motor truck cargo

motor vehicle


motor vehicle insurance law


motor vehicle registration law


multiemployer pension and benefit plans


multi-peril crop insurance (MPCI)

multiple-cause situation


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

MVR

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


NCCI


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


NFIP


no-fault


no further remedial action planned

nonadmitted asset


nonadmitted balance


nonadmitted insurance (international insurance)


nonadmitted insurer


nonadmitted reinsurance

Nonappropriated Fund Instrumentalities Act


nonassessable


nonassignable


non-certified 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


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


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/nonrenewal clauses


notice of circumstances during ERP provision


notice of claim provision

notice of occurrence


notice of potential claim provision


notice to the company


novation


NPL

nuclear, biological, chemical (NBC) weapons


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


OCP

OCSLA


OEE


of counsel


off-balance-sheet risk


off-duty coverage

offer


office burglary and robbery


Office of Motor Carrier Standards (OMCS)


off-premises power coverage


offset clause

offshore captive


OL&T liability policy


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

option backdating


option instruments


optionally renewable


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


OSLR

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)


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


PAP


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


passive foreign investment company (PFIC)


passive loss


passive retention


pass-through entity

patent infringement


patient dumping


Patient’s Bill of Rights Legislation


Patient’s Compensation Funds


Paul v. Virginia

payment account


payment bond


payor benefit


payout profile


payroll

payroll audit


payroll deduction


payroll limitation


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 limitation of liability provision


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)


personal injury

personal injury protection (PIP)/no-fault


personal liability coverage


personal lines


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


P&I insurance


PIP


placement service agreement (PSA)


placement slips


plain language laws


plaintiff

planned retention


planning


plate glass insurance


pleadings


PML

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


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


preauthorized check plan


precedent


pre-claim advice credit


predecessor firm coverage

preexisting condition


preferred provider organization (PPO)


preferred risk


Pregnancy Discrimination Act of 1978 (PDA)


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


PRIMA


primary and non-contributory


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 officers (D&O) liability 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


producer


producer-owned reinsurance captive (PORC)


product

product disparagement


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


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

promissory estoppel


promissory note


proof of loss


Property Claim Law Associate (PCLA)


Property Claim Law Specialist (PCLS)

property damage


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 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

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

RACM


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


RBNE


RCRA


readjustment income


real estate brokers errors and omissions

real property


reasonable accommodation


reasonable repairs


reasonably available control technology (RACT)


rebate

rebating


recapture


reciprocal


reciprocal insurance


reciprocity

recision


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/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 person 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


remuneration


renewable term


renewal certificate


renewal policy

rent-a-captive


rental captive


rental cost reimbursement (cost of hire) 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)


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)


respondeat superior


response action


restitution of fees


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 aggregates

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


reversionary

RICO


rider


riggers liability insurance


right of offset


right of recourse provision

Right to Repair Law


RIMS


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 (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)

risk retention group (RRG)


risk securitization


risk sharing


risk shifting


risk smoothing

risk tolerance


risk types


risk volatility


RMIS


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


rolling policy limits


rolling wrap-up

Rule 11 sanctions


running down clause


runoff

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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)

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, Roebuck Co. v. Commissioner

seasonal risk


secondary beneficiary


secondary classification—special industry class


second surplus reinsurance


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


sequential-cause situation

service fulfillment insurance


servicing contractors rider


settlement lag


settlement options


settlement programs

severability of exclusions


severability of interests clause


severability provision in D&O applications


several liability


severance pay

severity


sexual abuse exclusion


sexual harassment


share reinsurance


share repurchases

Sharpe ratio


shortfall risk


short-rate cancellation


shrinking limits defense provision


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, multichannel interface (SEMCI)


single interest insurance


single-owner captive


single-parent captive

single premium insurance


single state registration system (SSRS)


sinkhole collapse


SIR


sistership liability exclusion

size class


slabbed


slander


sleep insurance


sliding scale

sliding scale commission


sliding scale dividend


slip


small quantity generator


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 areas (SFHA)

special investigative unit (SIU)


special litigation committee (SLC)


special mobile equipment


special or specialty risks


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


sponsor


sponsored captive

spousal coverage


spousal coverage extension


spread loss reinsurance


spread of risk


spread sectors

sprinkler leakage coverage


SR-22


SSRS


stabilization reserve


stacking

staff model HMO


stair stepping


stamp duty


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 method


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 release


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


syndicate

system safety approach


systems performance insurance

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10/10 Rule


T3 Lloyd’s Form


tail


tail coverage


Tail Value at Risk (Tail VaR) or Tail Conditional Expectation (TCE)

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)


Technical and Miscellaneous Revenue Act of 1988 (TAMRA)


technique of operations review (TOR) system


technology errors and omissions insurance (Tech E&O)


telecommuting


telemedicine


Telephone Consumer Protection Act of 1991 (TCPA)


temporary partial disability


temporary total disability


tender of defense

tender offer defense expense


terminal coverage


terminal operator


termination


term life insurance

terrorism


terrorism endorsement


terrorism insurance


Terrorism Risk Insurance Act (TRIA)


Terrorism Risk Insurance Extension Act (TRIEA)

Terrorism Risk Insurance Program Reauthorization Act (TRIPRA)


tertiary beneficiary


testing coverage


test modifier


that particular part

theft, disappearance, and destruction of money and securities coverage form
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thermal pollution


third party


third-party administrator (TPA)


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 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 E&O insurance


travel insurance


treaty

treaty reinsurance


trend analysis


trend factor


trespasser


trial court

trip lease


trip permit


trip transit insurance


triple excess coverage


triple trigger theory

truckers downtime insurance


truckers policy


truckload (TL)


trust agreement


trust department errors and omissions (E&O) coverage


trustee


trust fund


twisting

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uberrimae fidae

ultimate loss


ultimate net loss


ultra vires acts


umbrella liability policy


unaffiliated business

unallocated benefit


unallocated loss adjustment expenses (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 motorist (UM) coverage


unit statistical card


universal life insurance


unplanned retention

unrelated business


unrelated business income tax (UBIT)


unrelated risk


unreported claims


unseaworthiness

unusual expenses


upset coverage


URL


use and occupancy insurance


U.S. Longshore and Harbor Workers Compensation Act

utility service interruption coverage


utilization review

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vacancy permit endorsement


vacancy provision


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)


vis major


vocational rehabilitation


void


voidable

voluntary compensation endorsement


voluntary compensation maritime coverage endorsement


Voluntary Employees’ Beneficiary Association (VEBA)


voluntary market


voluntary reserve

Voluntary Protection Program (VPP)


Volunteer Protection Act of 1997


voyage clause

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WA 3%


wage & hour claims


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)

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 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


work hardening


workers compensation


workers compensation and employers liability policy


workers compensation catastrophe cover

Workers’ Compensation Claim Law Associate (WCLA)


Workers’ Compensation Claim Law Specialist (WCLS)


working layer


workmanship 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

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Year 2000 (Y2K) exclusion


Yellow Book


York Antwerp Rules

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zero-beta asset

Z-list


zone rating


zone system

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