Insurance and Risk Management Terms

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




“absolute” exclusions

absolute pollution exclusion

absorbed dose



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


Accredited Adviser in Insurance (AAI)


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


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


administrative law

administrative order

administrative order on consent

administrative services only (ASO)


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


advertising injury

advisory endorsement

aerobic treatment



affiliated companies

affiliated risk

affinity sales

affirmative defense


aftermarket parts

Age Discrimination in Employment Act (ADEA) of 1967


agency agreement

agency captive

agency construction management

agency plant

agency system


agent of record

agents errors and omissions

agent’s license



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


allied healthcare professional liability insurance

allocated expenses

allocated loss adjustment expense (ALAE)

allocated loss expense


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



annuity certain

annuity due


anti-concurrent causation (ACC) language

anti-concurrent cause (ACC) provision

anti-indemnity statute

anti-stacking provisions

antitheft device

antitrust liability

apparent agency



application of retention


appraisal clause

appraisers errors and omissions


“A” rates


arbitration clause

architects and engineers (A&E) liability coverage


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




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


assumed liability

assumed premiums

assumed reinsurance


assumption endorsement

assumption of liability agreement

assumption of liability endorsement (ALE)

assumption of risk

assumption of risk doctrine


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)


authorized nonadmitted reinsurer


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 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


awareness provisions

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


backdated liability insurance

back pay

back-to-back deductible

bad faith


bailee coverage


balance billing



bank assurance

bankers professional liability (BPL) insurance (BPLI)

bankruptcy condition

bareboat charter

bare walls coverage


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)



bench-scale tests

bench trial



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


bikini deductible

bilateral extended reporting period provision

bill of lading


bingo card program

bingo stamp

biological magnification

biomechanical analysis


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 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



book value

boom coverage


borderline risk

Bornhuetter-Ferguson technique

borrowed servant rule

boutique law firm

branch profits tax

brand equity

brand rehabilitation

brands and labels endorsement


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)


brokerage department

brokerage market

brother-sister relationship


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



burden of proof


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

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


Cable Communications Policy Act (CPPA) of 1984

calendar year experience


cancel and rewrite


candidate analysis




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 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


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 bond

catastrophe equity put

catastrophe plan

catastrophe policy

catastrophe reinsurance

catastrophe reserves

catastrophic loss

causes of loss

causes of loss forms (ISO)


ceded premiums


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 number

cession statement

cestui que vie


chaplain or priest malpractice


Chartered Insurance Institute (CII)

Chartered Life Underwriter (CLU)

Chartered Property Casualty Underwriter (CPCU)

charterers legal liability coverage

chemical, biological, radiological, nuclear (CBRN) weapon


chief risk officer (CRO)

Children’s Online Privacy Protection Act (COPPA) of 1998

choice no-fault

chronic toxicity

chronological stabilization plans


Civil Rights Act of 1991



claim expense

claims adjuster

claims administrator

claims audit

claims leakage (CL)


claims-made and reported policy

claims-made and reported provision

claims-made multiplier

claims-made reinsurance

claims-paid policy

claims reserve

clash cover


class action

Class Action Fairness Act of 2005


classification limitation

classified insurance

class of business

class I area

Class 1 insureds

class rating

Class 2 insureds


Clean Air Act (CAA) of 1970

clean closure

cleanup fund

Clean Water Act (CWA) of 1972


client company

client employer

climate change risk

clinical patterns

closed-loop recycling

coded excess





coincidental excess coverage

coinsurance hammer clause

coinsurance provision


collapse additional coverage

collapse: homeowners policy



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



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 agreement

commutation clause

commutation rights

comparative negligence


Compensated Intercorporate Hauling (CIH)

compensating balance plan

compensatory damages

competitive bidding

competitive state funds


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



concurrent causation

concurrent cause

concurrent insurance

conditional binding receipt

conditionally renewable

conditional payment clause

conditional vesting


condominium association coverage form (ISO)

confidence intervals (levels)

confiscation, expropriation, nationalization (CEN), and deprivation (CEND) insurance

conflict of laws


consent judgment

consent to settlement clause

consequential bodily injury suits

consequential damages

consequential loss



consolidated insurance program (CIP)

Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985


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


continuation of coverage in bankruptcy provision

continuing undertaking rule

continuous contract

continuous injury trigger

continuous treatment rule


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 by equal shares

contribution by limits

contributory negligence

controlled foreign corporation (CFC)

controlled insurance program (CIP)

controlled master insurance program

controlled unrelated business


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 (of the capital and insurance markets)

converted losses


Cooke ratio

cooperation clause

cooperative controlled insurance program (CO-CIP)

cooperative insurance

Coordinated Advertising, Rate and Form Review Authority (CARFRA)

coordination of coverage


core capital

corporate counsel

corporate governance

corporate override agreement

corporate reimbursement coverage



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


counseling liability

counsel selection provision



coupon interest

course of employment

courthouse steps settlement

court reporter


covenant not to execute

covenant not to sue

covenants, conditions, and restrictions (CC&R)



coverage form

coverage trigger

covered auto designation symbols

cover note

cradle-to-grave or manifest system

credentialing liability


credit carry-forward

credit default swap

credit for reinsurance

credit insurance

credit life insurance

credit risk

credit wrap


crisis management approach

crisis management coverage

crisis management plan

criteria pollutant

critical recommendation


crop-hail insurance




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


cut through endorsement

cyberspace liability

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


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


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


declaratory judgment



deductible, annual aggregate

deductible plan

deductible reduction incentive provisions

deemer period




default insurance



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


demand surge

demand trigger coverage

demolition coverage




denial of tenure claims

Department of Labor (DOL)

Department of Transportation (DOT)

dependent properties time element coverage


deposit accounting


deposit policy

deposit premium




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


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 benefit

disability income insurance

disappearing deductible


disaster recovery plan

disciplinary proceeding expense coverage


disclosure dollar loss (DDL)


discount rate


discovery cover

discovery period

discovery provision

discovery rule


disease loading

disintermediation risk



disparagement of goods

disparate impact discrimination

disparate treatment discrimination



distribution system


diversification credit

divided risk endorsement

dividend accumulation

dividend addition

dividend options


divisible contract clause

docket control system

domestic insurer

domestic terrorism


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


duty to defend

duty to pay


dwelling property coverage forms

dynamic financial analysis (DFA)

dynamic risk

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


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 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 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 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


endangerment assessment

endemic disease coverage


endowment insurance

energy release theory

enforceable requirements

enforcement decision document (EDD)

engaged in trade or business (ETB)

engagement letter


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


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



event insurance

event risk

event triggered financings


evidence of insurability


examination under oath (EUO)

exception (to exclusion)


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


exclusive agency system

exclusive remedy

exculpatory clause

executive officer


exemplary damages

exempt motor carrier

ex gratia payment

exhibitor insurance

ex-medical coverage

ex parte hearings


expected loss

expected morbidity

expected mortality

expected or intended

expected reinsurer deficit (ERD)

expediting expense

expediting expense coverage


expense allowance

expense constant

expense load

expense ratio

expense reserve


experience account

experience modification

experience modifier

experience rating

experience refund



expiration file

expiration notice

export and/or import embargo indemnity


exposure base

exposure-in-residence theory

exposure rating

exposure survey

express authority


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

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


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 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 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 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


fire wall


“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 cancellation

flat commission

flat dividend

flat rate


fleet automatic, auto

fleet of companies

fleet policy

floater policy

floating excess policy

flood coverage

flood exclusion

flood insurance rate map (FIRM)


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


fortuitous event

forum shopping


forward contract

“four-corners” test

401(k) plan

fractional premium

frame construction

franchise deductible

franchise inflation clause

franchise insurance


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


friable asbestos

friendly fire

front company

fronted captive


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 covers

funded pension plan

funded retention

funded self-insurance

fund states coverage

funds withheld

furriers block policy

furriers customers insurance


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


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


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


hail insurance

hammer clause

hangar keepers liability

hard market

Harper Group v. Commissioner


hazard class pricing

hazardous ranking system (HRS)

hazardous waste

hazard risk


healing plateau

healthcare purchasers liability insurance

healthcare reimbursement plan

Health Insurance Portability and Accountability Act (HIPAA) of 1996

health maintenance organization (HMO)


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


Household Goods Transportation Act of 1980

HR-10 plan

hull coverage

Humana v. Commissioner

human equivalent dose

hurdle rate


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


identity theft coverage

idiopathic injury

immediate annuity

immediately dangerous to life and health (IDLH)

immigration violation coverage endorsement

impaired property

impaired risk


impairment capital


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






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-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


insurable interest


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



insured contract

insured fixed-price cleanup (IFC)

insured versus insured exclusion


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)


interlocutory appeal


intermediary clause


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


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


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



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


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


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


labor contractor

Lamb-Weston rule


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



lay-up warranty

LC5-lethal concentration

LD50-lethal dose


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


lessees of safe deposit boxes coverage form I


less than truckload (LTL)

letter of credit (LOC)



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


liberalization clause


license and permit bond

licensed insurer/reinsurer


life expectancy

life insurance trust

Life Office Management Association (LOMA)

Life Underwriter Training Council (LUTC)

Lilly Ledbetter Fair Pay Act of 2009


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 of business

line sheet

line slip

liquidated damages


liquidity ratio

liquidity risk

liquor law liability (dramshop)


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 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 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


maintenance, cure, and wages

maintenance wrap-up

major life activity

major medical insurance

major shareholder exclusion

malicious prosecution


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 claims-made


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 incentive deductible


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 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


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



minor’s compromise

miscellaneous liability coverage


misstatement of age provision

mix of services

mobile equipment

mobile home policy


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


monopolistic state funds

Montrose doctrine

Montrose provision

moonlighting coverage

morale hazard

moral hazard



mortality table

mortgage-backed security

mortgage errors and omissions insurance


mortgage impairment insurance

mortgage insurance

mortgage (mortgagee) clause

most favored venue wording


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


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



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)


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 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)


net written premium

new for old

newly acquired entities

newsgathering torts

New Source Performance Standards (NSPS)


NFC mortality rate


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



noncertified act of terrorism

noncombustible construction


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 risk transfer

nonledger assets


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



nontransferability provisions

noon clause

no-pay, no-play laws

normal loss

North American Industry Classification System (NAICS)

nose coverage

notary claim exclusion


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


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



objective findings

obligatory treaty



occupational accident insurance

occupational classification

occupational disease

occupational injury

occupational manual


occurrence policy

occurrence year

ocean marine coverage

of counsel

off-balance-sheet risk

off-duty coverage


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)


optimum level of risk retention


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


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


overlapping insurance



overriding commission

overtime surcharge

owner controlled insurance program (OCIP)


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


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



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


participating (par)

participating policy

participating reinsurance

particular average


partner controlled insurance program (PCIP)

partner track


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 audit

payroll deduction

payroll limitation

peer review

penal sum



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 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


physical hazard

physical impairment

physical-mental injuries

physical rehabilitation

placement service agreement (PSA)

placement slips

plain language laws


planned retention


plate glass insurance


point-of-entry treatment device

point-of-use treatment device

police professional liability insurance


policy anniversary

policy conditions

policy date

policy definitions

policy dividend

policy expense allowance

policy fee


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 standard index (PSI)


pollution exclusion



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


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 burglary coverage


premises theft and outside robbery coverage form H


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


presumptive indemnification provision

primary and noncontributory

primary beneficiary

primary cover

primary insurer

primary liability


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 analysis

probability of ruin

probable maximum loss (PML)

probationary period



process risk

process wastewater

procuring cause


producer-owned reinsurance company (PORC)


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


pro se



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


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


Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970

radiological weapon

radius class

radius of operations

railroad protective liability

railroad sidetrack agreement


ratable losses


rate basis

rated insurer

rate discrimination

rate making

rate manual

rate of natural change

rate on line (ROL)


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)





reciprocal insurance


recurrent disability

recurring clause




reduced paid-up insurance

reformation (of an insurance policy)

refund annuity

registered agent

registered mail coverage

Registered Professional Liability Underwriter (RPLU)


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 premium


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



reinsurer’s margin

related claims provisions

related party insurance income (RPII)

related product liability exclusion

related risk


relief well coverage

remedial action (RA)

remedial design

remedial investigation

remedial project manager (RPM)

remedial response


remediation cost cap policy

remote cause


renewable term

renewal certificate

renewal policy


rental captive

rental cost reimbursement (cost of hire) endorsement

rental reimbursement coverage endorsement

rents or rental value insurance


repatriation of dividends insurance

replacement cost coverage

reportable quantity (RQ)

reported losses

reporting form coverage

reporting lag

repossessed autos endorsement


representations and warranties insurance

reproduction cost

reputational risk

request for proposal (RFP)


Research and Special Programs Administration (RSPA)

reservation of rights


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 ability

retention plan

retired directors liability policies

retirement annuity

retirement income policy

retraction provisions

retroactive conversion

retroactive date

retroactive insurance




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



riggers liability insurance

right of offset

right of recourse provision

right to repair law

rip and tear coverage


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 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


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


safe burglary insurance

safe deposit box coverage

safe depository coverage

Saffir-Simpson scale

sale bond


salesmen’s samples coverage

saline substances contamination endorsement


salvage value

Sarbanes-Oxley Act (SARBOX, SOX, SOx) of 2002


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 of risk

security holder exclusion

security requirements

seedsmen’s errors and omissions liability insurance

segregated cell captive (SCC)


selected tender


self-contained policy


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


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


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



sleep insurance

sliding scale

sliding scale commission

sliding scale dividend


small quantity generator

soft costs coverage

soft market

soft target


solvency margin

solvency ratio

sophisticated insured

source revelation provisions


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


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


sponsored captive

spousal coverage

spousal coverage extension

spread loss reinsurance

spread of risk

spread sectors

sprinkler leakage coverage


stabilization reserve


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



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


subcontractor default insurance

subcontractor exception

subguard insurance

subject business

subjective symptoms

subject of insurance

subject policies

subject premium



Subpart F income


subpoena duces tecum

subprime loans


subrogation provision

subrogation release

subrogation waiver



substitute physician coverage endorsement

“sudden and accidental”

sue and labor clause

summary judgment


sump pump


superintendent of insurance

superseded surety rider

supervision coverage

supplemental extended reporting period (SERP)

supplementary employee retirement plan (SERP)

supplementary payments


surety bond


surplus line

surplus lines broker

surplus lines insurance

surplus notes

surplus reinsurance

surplus relief

surplus share



survival action

suspension of coverage endorsement



swing plans


system safety approach

systems performance insurance

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