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Insurance and Risk Management Terms

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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


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 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


air quality control region


air quality standards


air stripping


air toxins


aleatory contract


alienated premises


alien insurer


allegations


allied healthcare professional liability insurance


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

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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


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


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” test


buyback deductible


buyers’ market


buyout settlement clause


buy/sell agreement

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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 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


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


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


classification


classification limitation


classified insurance


class of business


class I area


Class 1 insureds


class rating


Class 2 insureds


clause


Clean Air Act (CAA) of 1970


clean closure


cleanup fund


Clean Water Act (CWA) of 1972


clearance


client company


client employer


climate change risk


clinical patterns


closed-loop recycling


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


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


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


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 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


cyberspace liability

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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 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


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 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


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


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

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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 Communications Privacy Act (ECPA) of 1986


electronic data liability


electronic data processing (EDP) coverage


electronic funds transfer (EFT) system coverage


electronic products errors and omissions insurance


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


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


Equal Employment Opportunity Commission (EEOC)


Equal Pay Act of 1963


equipment breakdown insurance


equipment floater


equitable estoppel


equitable subrogation


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

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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 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 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


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-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 shopping


forward


forward contract


“four-corners” test


401(k) plan


fractional premium


frame construction


franchise deductible


franchise inflation clause


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


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


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

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


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


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


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


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)


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 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 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


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


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


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 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


offer of judgment


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


passive foreign investment company (PFIC)


passive loss


passive retention


pass-through entity


patent infringement


patient compensation funds


patient dumping


Patient’s Bill of Rights legislation


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) of 2000


personal injury (PI)


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


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


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


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


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


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

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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


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


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 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


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


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


rolling policy limits


rolling stock


rolling wrap-up


Rule 11 sanctions


running down clause


runoff

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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


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 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 contractors rider


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


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


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


sponsor


sponsored captive


spousal coverage


spousal coverage extension


spread loss reinsurance


spread of risk


spread sectors


sprinkler leakage coverage


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 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


swing plans


syndicate


system safety approach


systems performance insurance

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