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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

A

A201 Construction Contract
abandonment
abatement
absolute pollution exclusion
absorbed dose
accept
accident
accidental death
accidental death and dismemberment (AD&D)
accidental means
accident year data
accident year experience
accommodation line
accountants professional liability insurance
account current
accounts receivable coverage
accreditation
Accredited Adviser in Insurance (AAI)
accumulation
accumulation period
ACM
acquisition costs
action levels
action versus the insurer provision
active retentio
activity standards
act of God
actual cash value (ACV)
actuarial report
actuary
acute exposure
acute toxicity
ACV
ADA
AD&D
additional expense coverage
additional insured
additional insured endorsement
additional living expense (ALE) coverage
additional medical
additional named insured
add-on control device
"add-on" no-fault laws
adhesive contract
adjustable feature
adjusted earnings
adjusted net worth
adjuster
administrative law
administrative order
administrative order on consent
administrative services only (ASO)
administrator
admiralty law
admitted assets
admitted/authorized reinsurance
admitted company
admitted insurer
admitted reinsurer
ADR
advanced wastewater treatment
advance loss of profit (ALOP) insurance
advancement of defense costs provision
adverse selection
advertisement
advertising injury
advisory endorsement
A&E
aerobic treatment
affiliated companies
affiliated risk
affinity sales
affirmative defense
afterburner
aftermarket parts
AGC
Age Discrimination in Employment Act (ADEA) of 1967
agency
agency agreement
agency captive
agency plant
agency system
agent
agent of record
agent's errors and omissions
agent's license
aggravation
aggregate
aggregate deductible
aggregate excess insurance
aggregate excess of loss reinsurance
aggregate limit of liability
aggregate limits reinstatement
aggregate stop-loss reinsurance
agreed amount clause
agreed value coverage option or provision
agreement not to rely on governmental immunity
AIA
airborne particulates
air quality control region
air quality standards
air stripping
air toxins
ALAE
ALE
aleatory contract
alienated premises
alien insurer
allegations
allied healthcare professional liability insurance
allocated expenses
allocated loss adjustment expenses (ALAE)
allocated loss expense
allocation
all risks coverage
all risks, difference-in-conditions (builders risk)
all risks, ground and flight
all risks, not in motion
alternate employer endorsement
alternative dispute resolution (ADR)
alternative dispute resolution provision
alternative market
alternative minimum tax (AMT)
alternative remedial contract strategy contractors
alternative risk financing facilities
alternative risk financing mechanism
alternative risk transfer (ART) market
A.M. Best rating
amendment of "insured contract" definition endorsement
AMERCO v. Commissioner
American Association of Insurance Services (AAIS)
American Institute for Chartered Property Casualty Underwriters, Inc. (AICPCU)
American Institute of Architects (AIA)
American Institute of Certified Public Accountants (AICPA)
Americans With Disabilities Act (ADA)
amount at risk
amount subject
analytic risk modeling method
animal mortality insurance
anniversary date
anniversary rating date
annual aggregate deductible
annual statement
annuitant
annuity
annuity certain
annuity due
answer
anti-concurrent cause (ACC) provision
anti-indemnity statute
anti-stacking provisions
anti-theft device
antitrust liability
apparent agency
appeal
application
application of retention
apportionment
appraisal clause
appraisers errors and omissions
approval
"A" rates
arbitration
arbitration clause
architects and engineers (A&E) liability coverage
ARM
asbestos
asbestos abatement
asbestos containing material (ACM)
asbestos program manager
ASO
assessment company (society or insurer)
asset allocation
asset class
asset risk
asset share value
assigned risk plan
assignee
assignment
associate
Associated General Contractors of America (AGC)
Associate in Automation Management (AAM)
Associate in Claims (AIC)
Associate in Fidelity and Surety Bonding (AFSB)
Associate in Information Technology (AIT)
Associate in Insurance Accounting and Finance (AIAF)
Associate in Insurance Services (AIS)
Associate in Loss Control Management (ALCM)
Associate in Management (AIM)
Associate in Marine Insurance Management (AMIM)
Associate in Personal Insurance (API)
Associate in Premium Auditing (APA)
Associate in Reinsurance (ARe)
Associate in Research and Planning (ARP)
Associate in Risk Management (ARM)
Associate in Surplus Lines Insurance (ASLI)
Associate in Underwriting (AU)
Associateship of the Chartered Insurance Institute (ACII)
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
attachment basis
attachment point
attained age
attorney/client communication
attorney work product
attractive nuisance doctrine
audit
authorized non-admitted reinsurer
auto
auto coverage symbols
auto loan/lease gap coverage
automatic additional insured endorsement
automatic increase in insurance provision
automatic insureds
automatic premium loan
automatic treaty
automobile
automobile liability excess indemnity
automobile liability insurance
automobile physical damage insurance
average basis
average rate
average severity
average weekly wage (AWW)
aviation accident insurance
aviation hazard
avoidance
awareness provisions
AWW

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

B

back-dated liability insurance
back pay
back-to-back deductible
BACM
bad faith

bankers professional liability (BPL) insurance

bankruptcy condition

bareboat charter

barratry

Basel Committee on Banking Supervision

base premium

basic causes of loss form (ISO)

basic extended reporting period (BERP)

below-target-risk (BTR)

benefits payable exclusion

BERP

best available control measures (BACM)

best demonstrated available technology (BDAT)

Best’s Capital Adequacy Ratio (BCAR)

bilateral extended reporting period provision

biological magnification

biomechanical analysis

bioremediation

Black Lung Benefits Act

blackmail settlement clause

blackout period

blanket additional insured endorsement

blanket contractual liability insurance

blanket fidelity bond

blanket group boiler and machinery coverage

blanket limit

blanket medical expense

blanket policy

blanket position bond

blended finite risk

blended risk

blowout and cratering

blowout prevention warranty

bodily injury by accident limit (workers compensation)

bodily injury by disease, each employee (workers compensation)

bodily injury by disease—policy limit (workers compensation)

boiler and machinery insurance

Bornhuetter-Ferguson technique

borrowed servant rule

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

building and personal property coverage form (ISO)

building codes effectiveness grading schedule (BCEGS)

building ordinance coverage

business continuity management (BCM)

business income coverage

business income worksheet

business interruption coverage

business interruption worksheet

business judgment rule

business legal expense insurance

business risk

businessowners policy (BOP)

business use class

buyback deductible

buyers' market

buyout settlement clause

buy/sell agreement

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

C

CAA

Cable Communications Policy Act (CPPA)

calendar year experience

Capital Asset Pricing Model (CAPM)

capital stock company

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)

case reserves cash flow plans

cash balance pension plans

cash call

cash flow program

cash flow return on investments (CFROI)

cash flow underwriting

catastrophe equity put

catastrophe plan

catastrophe policy

catastrophe reinsurance

catastrophe reserves

catastrophic loss

causes of loss

causes of loss forms (ISO)

central collection point

central tendency

CERCLA

certificate holder

certificate of compliance

certificate of insurance

certificate of reinsurance

certified act of terrorism

Certified Risk Manager (CRM)

chaplain or priest malpractice

charter

Chartered Insurance Institute (CII)

Chartered Life Underwriter (CLU)

Chartered Property Casualty Underwriter (CPCU)

charterers legal liability coverage

chemical, biological, radiological, nuclear (CBRN) weapon

Chemnet

chief risk officer (CRO)

Children's Online Privacy Protection Act (COPPA)

Choice no-fault

chronic toxicity

chronological stabilization plans

CIF

circumstance

Civil Rights Act of 1991

claims-made and reported policy

claims-made and reported provision

claims-made multiplier

claims-made reinsurance

Class Action Fairness Act of 2005

Clean Water Act (CWA)

client company

clinical patterns

closed-loop recycling

coinsurance hammer clause

coinsurance provision

coinsurer

collapse additional coverage

collapse: homeowners policy

collateralization of cash flow programs

collateral source rule

collateral value insurance

collection commission

collection fee

collision damage waiver

collision insurance

combination plan reinsurance

combination policy

combined ratio

comment period

commercial appropriation

commercial auto insurance coverage forms

commercial crime policy

commercial general liability (CGL) policy

commercial insurer or reinsurer

commercial lines

Commercial Lines Manual (CLM)

commercial multiple peril (CMP) policy

commercial output policy (COP)

commercial package policy

commercial property conditions form (ISO)

commercial property coverage forms (ISO)

commercial property policy

commercial property program

commercial risks

commercial waste management facility

commission

commissioner

commissioners standard ordinary 1958 mortality table

commissions of selling agents coverage

Committee on Sponsoring Organizations (COSO)

common policy conditions

community property

community rating

commutation

commutation agreement

commutation clause

commutation rights

comparative negligence

compensable

Compensated Intercorporate Hauling (CIH)

compensating balance plan

compensatory damages

competitive bidding

competitive state funds

comprehensive 3-D policy

comprehensive auto coverage

comprehensive auto liability (CAL)

comprehensive boiler and machinery coverage

Comprehensive Environmental Response Compensation and Liability Act (CERCLA)

comprehensive general liability (CGL) policy

compulsory insurance

compulsory insurance requirements (international insurance)

computer crime insurance

computer fraud coverage form

computer software design errors and omissions

concealment

concurrency

concurrent causation

concurrent-cause situation

concurrent insurance

conditional binding receipt

conditionally renewable

conditional payment clause

conditional vesting

conditions

condominium association coverage form (ISO)

confidence intervals (levels)

confiscation, expropriation, nationalization, and deprivation insurance

conflict of laws

consent judgment

consent to settlement clause

consequential bodily injury suits

consequential loss

conservator

consideration

consolidated insurance program (CIP)

consolidation

constructibility review

construction ban

construction defect

construction management professional liability insurance

Construction Risk and Insurance Specialist (CRIS)

constructive discharge

constructive total loss

contingent beneficiary

contingent business interruption insurance

contingent commission

contingent extra expense insurance

contingent liability from operation of building codes

continuance

continuation of coverage in bankruptcy provision

continuing undertaking rule

continuous contract

continuous injury trigger

continuous treatment rule

contractor controlled insurance program (CCIP)

contractors all risks insurance (CAR)

contractor's limitation endorsement

contractors professional liability insurance

contractors rework coverage

contract ratification indemnity

contract repudiation indemnity

contractual liability

contractual liability insurance

contractual risk transfer

contra proferentem rule

contribution

contribution by equal shares

contribution by limits

contributory negligence

controlled foreign corporation (CFC)

controlled insurance program (CIP)

controlled master insurance program

controlled unrelated business

controlling

Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003 (CAN-SPAM)

control technique guidelines (CTG)

convention blank

convention statement

convergence

convergence (of the capital and insurance markets)

cooperative controlled insurance program (CO-CIP)

cooperative insurance

Coordinated Advertising, Rate and Form Review Authority (CARFRA)

coordination of coverage

corporate override agreement

corporate reimbursement coverage

correlation/uncorrelation

corridor deductible

cost and freight (C and F)

cost, insurance, and freight (CIF)

cost of hire endorsement

cost of risk

cost of suit coverage

cost of well control

cosurety

counseling liability

counsel selection provision

courthouse steps settlement

court reporter

covariance

covenant not to execute

covenant not to sue

covenants, conditions, and restrictions (CC&R)

cradle-to-grave or manifest system

credentialing liability

credibility

credit carry-forward

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

cross-liability coverage

cross-liability endorsement

cross purchase

Cumis counsel

cumulative collusive excess cover

cumulative injury

current disbursement

current service benefit

custom bond

customer's auto

cutoff

cut through endorsement

CWA

cyberspace liability

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

D

daily reports

"damage to premises rented to you"

"damages reduction" provision

data processing coverage

data processors errors and omissions coverage

date of issue

deadheading

dealers driveaway collision

death benefit

Death on the High Seas Act (DOHSA)

deductible, annual aggregate

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

denial of tenure claims

Department of Labor (DOL)

Department of Transportation (DOT)

dependent properties time element coverage

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

diminution in value

direct action

direct damage

direct damage coverage

direct discharger

direct filtration

Directive on Data Protection

direct loss

direct market

directors and officers (D&O) liability insurance

direct premiums

direct selling system (direct marketing)

direct threat

direct writer

direct writing captive

direct writing carrier

direct written premium

dirty bomb

disability

disability benefit

disability income insurance

disappearing deductible

disaster

disaster recovery plan

disciplinary proceeding expense coverage

disparate impact discrimination

disparate treatment discrimination

dispersion

distributions

distribution system

diversification credit

divided risk endorsement

dividend accumulation

dividend addition

dividend options

dividends

divisible contract clause

docket control system

dose-response assessment

dose-response relationship

double excess coverage

drive other car endorsement

Driver's Privacy Protection Act (DPPA)

drop down provision

druggist liability insurance

dry pipe sprinkler system

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

E

EAP

earned premium

earned reinsurance premium

earned surplus

earnings before interest, dividends, depreciation, and amortization (EBIDDA)

earnings guidance

earnings insurance

earth movement or earthquake exclusion

earthquake coverage

easement

easement appurtenant

easement by prescription

easement, public

EC endorsement

ecological risk assessment

economic capital

economic cost of ruin (ECOR)

economic damages

Economic Loss Doctrine

economic or use value

economic value added (EVA)

EDD

EDP coverage

educators legal liability (ELL) insurance

electrical damage or injury exclusion

Electronic Communications Privacy Act (ECPA)

electronic data

electronic data processing (EDP) coverage

electronic funds transfer (EFT) system coverage

electronic products errors and omissions (E&O) insurance

emergency medical technician (EMT) and paramedics professional liability

emergency response plan

emergency response values

employed lawyers professional liability insurance

employee assistance program (EAP)

employee benefit programs

employee benefits liability

employee dishonesty coverage

employee hired autos endorsement

employee leasing

employee leasing company

employee pension benefit plans

Employee Retirement Income Security Act (ERISA) liability

Employee Retirement Income Security Act (ERISA) of 1974

employee stock ownership plan (ESOP)

employee stock purchase plan

employee welfare benefit plans

employees as additional insureds

employers excess indemnity insurance

employers liability coverage

Employment Arbitration Agreement

employment-at-will doctrine

employment practices liability insurance (EPLI)

employment-related practices liability (ERPL) policy

employment risk

EMT

encapsulation

endangerment assessment

endemic disease coverage

endorsement

endowment insurance

energy release theory

enforceable requirements

enforcement decision document (EDD)

engaged in trade or business (ETB)

engagement letter

engineering

engineering insurance

enterprise risk management (ERM)

entire contract clause

entity coverage

entity securities coverage

environmental assessment

environmental audit

environmental impact statement

environmental impairment liability (EIL) insurance

environmental liability buyout

Environmental Monitoring and Assessment Program (EMAP) data

environmental stop loss insurance

EPLI

Equal Employment Opportunity Commission

Equal Pay Act of 1963

equipment breakdown insurance

equipment floater

equitable estoppel

erection all risks insurance (EAR)

error or omission in reporting endorsement

errors and omissions (E&O) clause

errors and omissions (E&O) insurance

event triggered financings

evidence

evidence of insurability

exacerbation

exception (to exclusion)

excess

excess and surplus (E&S) lines insurance

excess cover

excess insurance

excess interest

excess liability "follow form" policy

excess liability policy

excess limit

excess lines broker

excess loss premium (ELP) factor

excess of loss ratio reinsurance

excess of loss reinsurance

excess per risk reinsurance

excess point

excess workers compensation insurance

exchange transfer embargo indemnity

exclusion

exclusive agency system

expected reinsurer deficit (ERD)

expediting expense

expediting expense coverage

experience modification

export and/or import embargo indemnity

exposure

exposure base

exposure-in-residence theory

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

F

face amount

facility emergency coordinator

factory firms

facultative

facultative automatic

facultative obligatory treaty

failure to collect contributions exclusion

failure to fund in accordance with ERISA exclusion

failure to insure exclusion

Fair Credit Reporting Act (FCRA)

FAIR (Fair Access to Insurance Requirements) Plans

Fair Labor Standards Act (FLSA) of 1938

fair rental value (FRV) coverage

faithful performance coverage

false pretense, trick, and device

Family and Medical Leave Act (FMLA) of 1993

Federal Coal Mine Health Safety Act (FCMH&SA)

Federal Employers Liability Act (FELA)

federal excise tax (FET)

Federal Highway Administration (FHWA)

Federal Insurance Contribution Act (FICA)

Federal Motor Carrier Safety Administration (FMCSA)

Federal Motor Carrier Safety Regulations (FMCSR)

Federal Savings and Loan Insurance Corporation (FSLIC)

fellow employee coverage

fellow employee exclusion

fellow employee suits coverage

Fellow in Risk Management (FRM)

Fellowship of the Chartered Insurance Institute (FCII)

fiduciary liability endorsement

fiduciary liability "follow-on" claims

field service advice (FSA)

filed forms

financed insurance

Financial Accounting Standards Board (FASB)

Financial Anti-Terrorism Act (FATA or PATRIOT Act)

financial capacity

financial disclosure claims

financial guarantee insurance

financial institution bond

financial modeling

financial quota share

financial reinsurance

financial responsibility

financial responsibility law

financial restatement

financial restatement exclusion

financial risk management

financial statement

financial transformation (FT)

fine arts coverage

finite risk insurance

fire brigade

fire department service charge coverage

fire legal liability coverage

fire-resistive construction

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

fleet automatic, auto

follow form professional liability endorsement

following reinsurer

following the fortunes

forced placed

force majeure

force majeure insurance

foreign commerce

foreign currency controls

foreign insurer

foreign liability coverage

foreign title equivalent coverage provision

forgery or alteration coverage

"for-hire" motor carrier

free of capture and seizure (FC&S) warranty

free of particular average (American conditions) (FPAAC)

free of particular average (English conditions) (FPAEC)

free of particular average (FPA)

free on board (FOB)

free on board destination (FOB destination)

full preliminary term reserve valuation

full prior acts 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 self-insurance

fund states coverage

funds withheld

furriers block policy

furriers customers insurance

future

futures contract

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

G

garagekeepers coverage/garagekeepers legal liability

garagekeepers extra legal liability

garage liability insurance

garage policy

garment contractors floater

GCW

General Adjustment Bureau (GAB)

general agency system

general aggregate limit

general average losses

general indemnity clause

general liability insurance

Generally Accepted Accounting Principles (GAAP)

general maritime law

general supervision

geographical (coverage territory) limitations

GIC

glass ceiling

glass insurance

global insurance program

glovebag

good faith settlement

"good guy" letter

good samaritan statutes

good student discount

governing classification

grace period

graded commission

graduated drivers licenses

Gramm-Leach-Bliley (GLB) Act

greenmail exclusion

gross cessation

gross combination weight (GCW)

gross earnings coverage

gross loss reserves

gross negligence

gross premium

gross profits insurance

gross receipts or mileage, auto

gross vehicle weight (GVW)

gross weight

gross written premium (GWP)

group credit insurance

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)

guests' property, premises

guests' property, safe deposit box

guest statutes, auto

GVW

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

H

hail insurance

hammer clause

hangar keepers liability

hard market

The Harper Group v. Commissioner

hazard

hazard class pricing

hazardous ranking system (HRS)

healthcare purchasers liability insurance

health care reimbursement plan

Health Insurance Portability and Accountability Act of 1996 (HIPAA)

health maintenance organization (HMO)

highly protected risk (HPR) property

hold harmless agreement

holding power formula

holistic risk management

homebuilder wrap-up

home equity insurance

home foreign

home office

homeowners modified form 8 (HO-8)

homeowners policy

homeowners policy basic form 1 (HO-1)

homeowners policy broad form 2 (HO-2)

homeowners policy comprehensive form 5 (HO-5)

homeowners policy contents broad form 4 (HO-4)

homeowners policy special form 3 (HO-3)

homeowners policy unit owners form 6 (HO-6)

honorable engagement or undertaking

horizontal exhaustion rule

hospital income insurance

hospital professional liability (HPL) insurance

hostile fire

hostile work environment sexual harassment

host liquor liability

hot line

Household Goods Transportation Act

Humana, Inc. v. Commissioner

human equivalent dose

hurdle rate

hybrid

hybrid plans

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

I

IBNR

ICC Termination Act of 1995

identity theft coverage

immediately dangerous to life and health (IDLH)

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

independent agency system

independent contractor

independent directors policies

independent medical evaluation (IME)

independently filed form

index

index-based contracts

individual practice association

Individual Risk Premium Modification (IRPM)

industrial hygiene control

industrial insured

industrial insured group

industrial life insurance

inflation factor

inflation guard provision

informal retention

information page

Information Practices Act (SB 1386)

informed consent

inherent defects insurance (IDI)

inherent vice

in-house counsel

initial premium

initial public offering (IPO)

inland marine coverage

innkeepers legal liability

installment settlement

installment tail coverage

insurability

insurable interest

insurance

insurance agent's errors and omissions

insurance commissioner

insurance department

insurance examiner

insurance exchange

Insurance Information Institute (III)

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)

Insured Fixed-Price Cleanups (IFCs)

insured versus insured exclusion

insurer

insurer insolvency exclusion

insurer-sponsored agency captive

insuring agreement

integrated disability management (IDM)

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

Intermodal Surface Transportation Efficiency Act (ISTEA) of 1991

International Fuel Tax Agreement (IFTA)

International Registration Plan (IRP)

international reverse business

interpolicy stacking

interrelated claims provisions

interrogatory

interstate commerce

Interstate Commerce Act

Interstate Commerce Commission (ICC)

Interstate Commerce Commission (ICC) Termination Act of 1995

interstate experience rating

intrafamily immunity

intrapolicy stacking

intrastate commerce

intrastate experience rating

irrevocable beneficiary

irrevocable letter of credit (ILOC)

ISO

issued business

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

J

jettison

jewelers block insurance

job safety analysis (JSA)

joint and several liability

joint and survivorship annuity

joint annuity

Joint Commission on Accreditation of Healthcare Organizations (JCAHO)

joint defense

joint employer

joint insurance

joint underwriting associations

joint venture

joisted masonry construction

Jones Act (Merchant Marine Act of 1920)

judgmental immunity

judgment rates

jumping juvenile insurance

jump process

jurisdiction

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

K

Kenney ratio

Keogh Act Plan

key man insurance

kidnap/ransom insurance

known loss provision

known loss rule

Kotecki waiver

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

L

large deductible plan

large line capacity

laser exclusion

last-cause test

last injurious exposure

law enforcement officers liability

law of large numbers

lawyers professional liability coverage

layering

lay-up

lay-up warranty

LC5-lethal concentration

legal action against insurer

legal liability coverage form (ISO)

legal risk

lender liability

lenders liability coverage

lenders loss payable endorsement

lessee

lessees of safe deposit boxes coverage form I

lessor

less than truckload (LTL)

letter of credit (LOC)

leverage

liability

liability for guests' property, premises coverage form L

liability for guests' property, safe deposit box coverage form K

liability insurance

liability limits

Liability Risk Retention Act

libel

liberalization clause

license

license and permit bond

licensed insurer/reinsurer

lien

life expectancy

life insurance trust

Life Office Management Association (LOMA)

Life Underwriter Training Council (LUTC)

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

liquor law liability (dramshop)

litigation

litigation management

Little Miller Acts

livestock collision

livestock mortality insurance

Lloyd's broker

Lloyd's central fund

Lloyd's managing agent

Lloyd's members' agent

loan participation coverage

locality standard

London form (BFPD)

Longshore and Harbor Workers Compensation Act (LHWCA)

long tail liability

long-term disability (LTD) income insurance

long-term insurance

loss

loss adjustment expense (LAE)

loss conversion factor (LCF)

loss costs

loss damage waiver (LDW)

loss development

loss development factor

losses incurred

losses in excess of policy limits

loss forecasting

loss limit

loss limitation

loss loading (multiplier)

loss mitigation underwriting (LMU)

loss of consortium suits

loss of income coverage

loss payable clause

loss payout curve

loss pick

loss portfolio agreements

loss portfolio transfer (LPT)

loss reserve stability

lowest achievable emission rate

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

M

maintenance, cure, and wages

maintenance wrap-up

major life activity

major medical insurance

malicious prosecution

malpractice

malpractice insurance

managed care

managed care coverage endorsement

managed care liability insurance

managed care organization (MCO)

management advisory services

managing general agent (MGA)

managing general underwriter (MGU)

mandatory arbitration provision

mandatory securities valuation reserve

manufacturers and contractors (M&C) insurance

manufacturer's output policy (MOP)

manufacturers penalty insurance

manufacturer's selling price endorsement

manuscript certificate of insurance

manuscript form or policy

margin clause

marina operators legal liability coverage

market service agreement (MSA)

market value

market value clause

masonry noncombustible construction

master policy

material safety data sheet (MSDS)

maximum foreseeable loss (MFL)

maximum medical improvement (MMI)

maximum possible loss (MPL)

maximum premium

M&C insurance

McCarran-Ferguson Act (Public Law 15)

MCS-90 endorsement

mean reserve

mean/variance/covariance (MVC) risk modeling method

media liability coverage

mediation

mediation incentive deductible

Medicaid

medical fee schedule

Medical Insurance Compensation Reform Act (MICRA)

Medical Malpractice "Caps"

medical malpractice insurance

medical payments, auto

medical payments, general liability

medical payments, homeowners

Medicare

Medicare fraud and abuse insurance

membership accounting

members of Lloyd's of London

mental impairment

mental-mental injuries

menu-driven policy

mercantile open stock

mercantile robbery

mercantile safe burglary

methods and means (of construction)

Mexico coverage

MGU

midi-tail

Migrant and Seasonal Agricultural Worker Protection Act (MSAWPA)

mill construction

Miller Act

Million Dollar Round Table (MDRT)

mine subsidence coverage

minimum and deposit (M&D)

minimum deposit policy

miscellaneous liability coverage

misrepresentation

misstatement of age provision

modification factor (the "mod")

modified fire-resistive construction

modified premium

monetary threshold

money and securities broad form policy

money orders and counterfeit paper currency insurance

monoline

monopolistic state funds

Montrose doctrine

Montrose endorsement

moonlighting coverage

mortgage errors and omissions insurance

mortgage impairment insurance

mortgage insurance

mortgage (mortgagee) clause

most favored venue wording

Motor Carrier Act (MCA)

Motor Carrier Act Endorsement

motor vehicle insurance law

motor vehicle registration law

multiemployer pension and benefit plans

multiple-cause situation

multiple coordinated policies

multiple indemnity

multiple parent captive

multiple protection insurance

multiple trigger insurance contracts

multiplied damages

multiyear single limit (MYSL)

mutual additional insured status

mutual benefit association

mutual law enforcement agreements

MVR

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

N

name

named insured

named nonowner policy or endorsement

named perils coverage

name partner

National Association of Insurance Commissioners (NAIC)

National Association of Registered Agents and Brokers (NARAB)

National Council on Compensation Insurance (NCCI)

National Flood Insurance Program (NFIP)

National Highway Traffic Safety Administration (NHTSA)

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

negligent entrustment

negligent provider selection

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)

no further remedial action planned

nonadmitted asset

nonadmitted balance

nonadmitted insurance (international insurance)

nonadmitted insurer

nonadmitted reinsurance

Nonappropriated Fund Instrumentalities Act

nonassessable

nonassignable

non-certified act of terrorism

noncombustible construction

nonconcurrency

nonconcurrency of coverage triggers

noncontributing, noncontributory

noncontributory insurance

noncontrolled foreign corporation (NCFC)

noncorrelated risks

noncumulation of limits provisions

nonderivative suits

nonduplication of benefits

noneconomic damages

nonengagement letter

nonfiled line of coverage

nonforfeiture values

nonimputation provision

noninsurable risk

noninsurance

noninsurance risk transfer

nonledger assets

nonmedical

nonowned automobile

nonparticipating (non-par)

nonparticipation settlement clause

nonpecuniary relief

nonpracticing extension

nonprofit directors and officers liability insurance

nonprofit insurers

nonproportional reinsurance

nonqualified plans

nonratable elements

nonresident agent

nonstandard auto insurance

nonsubject premium

nonsubscription

nonsuit

nontransferability provisions

noon clause

no-pay, no-play laws

normal loss

North American Industry Classification System (NAICS)

nose coverage

notary claim exclusion

notice

notice of cancellation/nonrenewal clauses

notice of circumstances during ERP provision

notice of claim provision

notice of occurrence

notice of potential claim provision

notice to the company

novation

NPL

nuclear, biological, chemical (NBC) weapons

nuclear exclusion

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

O

occupational accident insurance

occupational classification

ocean marine coverage

off-balance-sheet risk

off-duty coverage

offer

office burglary and robbery

Office of Motor Carrier Standards (OMCS)

off-premises power coverage

offset clause

offshore captive

OL&T liability policy

omnibus clause

on-demand bonds, bank guarantees

ongoing operations

Online Privacy Protection Act of 2003 (AB68)

onshore captive

open perils

open rating

open stock burglary policy

operational risk financing securities (ORFS)

operational risk management (ORM)

operators extra expense (OEE)

optimization

optimum level of risk retention

option spring-loading

opt-out lawsuits

ordinance or law coverage

ordinary construction

ordinary life

ordinary payroll limitation or exclusion endorsement

organizational documents

organizational risk

organizing

original gross premium (OGP)

original insurer

OSLR

ostensible agency liability

other insurance clause

other states coverage

other structures: homeowners policy

other-than-collision coverage

other underwriting income

outcomes measurement

outer continental shelf

Outer Continental Shelf Lands Act (OCSLA)

out of employment

outplacement services

outside 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

Part A permit, Part B permit

participating reinsurance

particular average

partner

partner controlled insurance program (PCIP)

partner-track

party

passive foreign investment company (PFIC)

Patient's Bill of Rights Legislation

Patient's Compensation Funds

percentage participation

per diem business interruption coverage

permanent and stationary

permanent life insurance

permanent partial disability

permanent total disability

per occurrence limitation of liability provision

per risk excess reinsurance

personal and advertising injury

personal articles floater

personal auto policy (PAP)

personal effects floater

Personal Information Protection and Electronic Documents Act (PIPEDA)

personal injury

personal injury protection (PIP)/no-fault

personal liability coverage

personal lines

personal property

personal risk management (PRM)

personal umbrella policy

physical-mental injuries

physical rehabilitation

P&I insurance

PIP

placement service agreement (PSA)

plate glass insurance

pleadings

PML

point-of-entry treatment device

point-of-use treatment device

police professional liability insurance

policy expense allowance

policy fee

policyholder

policyholder dividends

policy year experience

political risk insurance

pollutant

pollutant standard index (PSI)

portfolio reinsurance

post-emergency recovery

postmortem dividend

potentially responsible party (PRP)

power of attorney

practice insurance policy

practice policy

preauthorized check plan

precedent

pre-claim advice credit

predecessor firm coverage

predominant-cause test

preexisting condition

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