Insurance and Risk Management Terms

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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 retention activity standards act of God actual cash value (ACV) actuarial report actuary acute exposure acute toxicity ACV ADA AD&D additional expense coverage additional insured additional insured endorsement additional living expense (ALE) coverage additional medical additional named insured add-on control device "add-on" no-fault laws adhesive contract adjustable feature adjusted earnings adjusted net worth adjuster administrative law administrative order administrative order on consent administrative services only (ASO) administrator admiralty law admitted assets admitted/authorized reinsurance admitted company admitted insurer admitted reinsurer ADR advanced wastewater treatment advance loss of profit (ALOP) insurance advancement of defense costs provision adverse selection advertisement advertising injury advisory endorsement A&E aerobic treatment affiliated companies affiliated risk affinity sales affirmative defense afterburner aftermarket parts AGC Age Discrimination in Employment Act (ADEA) of 1967 agency agency agreement agency captive agency construction management agency plant agency system agent agent of record agent's errors and omissions agent's license aggravation aggregate aggregate deductible aggregate excess insurance aggregate excess of loss reinsurance aggregate limit of liability aggregate limits reinstatement aggregate stop-loss reinsurance agreed amount clause agreed value coverage option or provision agreement not to rely on governmental immunity AIA airborne particulates air quality control region air quality standards air stripping air toxins ALAE ALE aleatory contract alienated premises alien insurer allegations allied healthcare professional liability insurance allocated expenses allocated loss adjustment expenses (ALAE) allocated loss expense allocation all risks coverage all risks, difference-in-conditions (builders risk) all risks, ground and flight all risks, not in motion alternate employer endorsement alternative dispute resolution (ADR) alternative dispute resolution provision alternative market alternative minimum tax (AMT) alternative remedial contract strategy contractors alternative risk financing facilities alternative risk financing mechanism alternative risk transfer (ART) market A.M. Best rating amendment of "insured contract" definition endorsement AMERCO v. Commissioner American Association of Insurance Services (AAIS) American Institute for Chartered Property Casualty Underwriters, Inc. (AICPCU) American Institute of Architects (AIA) American Institute of Certified Public Accountants (AICPA) Americans With Disabilities Act (ADA) amount at risk amount subject analytic risk modeling method animal mortality insurance anniversary date anniversary rating date annual aggregate deductible annual statement annuitant annuity annuity certain annuity due answer anti-concurrent cause (ACC) provision anti-indemnity statute anti-stacking provisions anti-theft device antitrust liability apparent agency appeal application application of retention apportionment appraisal clause appraisers errors and omissions approval "A" rates arbitration arbitration clause architects and engineers (A&E) liability coverage ARM asbestos asbestos abatement asbestos containing material (ACM) asbestos program manager ASO assessment company (society or insurer) asset allocation asset class asset risk asset share value assigned risk plan assignee assignment associate Associated General Contractors of America (AGC) Associate in Automation Management (AAM) Associate in Claims (AIC) Associate in Fidelity and Surety Bonding (AFSB) Associate in Information Technology (AIT) Associate in Insurance Accounting and Finance (AIAF) Associate in Insurance Services (AIS) Associate in Loss Control Management (ALCM) Associate in Management (AIM) Associate in Marine Insurance Management (AMIM) Associate in Personal Insurance (API) Associate in Premium Auditing (APA) Associate in Reinsurance (ARe) Associate in Research and Planning (ARP) Associate in Risk Management (ARM) Associate in Surplus Lines Insurance (ASLI) Associate in Underwriting (AU) Associateship of the Chartered Insurance Institute (ACII) associational discrimination association captive association group Association of Trial Lawyers of America (ATLA) association professional liability insurance assume assumed liability assumed premiums assumed reinsurance assumption assumption endorsement assumption of liability agreement assumption of liability endorsement (ALE) assumption of risk assumption of risk doctrine assurance at-risk construction management attachment basis attachment point attained age attorney/client communication attorney work product attractive nuisance doctrine auction rate security (ARS) audit authorized non-admitted reinsurer auto auto coverage symbols auto loan/lease gap coverage automatic additional insured endorsement automatic increase in insurance provision automatic insureds automatic premium loan automatic treaty automobile Automobile Claim Law Associate (ACLA) Automobile Claim Law Specialist (ACLS) automobile liability excess indemnity automobile liability insurance automobile physical damage insurance average basis average rate average severity average weekly wage (AWW) aviation accident insurance aviation hazard avoidance awareness provisions AWW 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 bailee bailee coverage balance balance billing bancassurance bank bank assurance bankers professional liability (BPL) insurance bankruptcy condition bareboat charter bare walls coverage barratry Basel Committee on Banking Supervision base premium basic causes of loss form (ISO) basic extended reporting period (BERP) basic limits basic premium basic premium factor basic rate basis point(s) basis risk basket aggregate basket deductible basket retention batch clause BDAT beauty contest below-target-risk (BTR) BEN benchmarking bench-scale tests bench trial beneficiary benefits benefits payable exclusion BERP best available control measures (BACM) best demonstrated available technology (BDAT) Best’s Capital Adequacy Ratio (BCAR) Best's Rating betterment clause BFPD bid bond bid deducts bifurcation bilateral extended reporting period provision bill of lading binder bingo card program bingo stamp biological magnification biomechanical analysis bioremediation Bipartisan Campaign Reform Act of 2002 Black Lung Benefits Act blackmail settlement clause blackout period blanket additional insured endorsement blanket contractual liability insurance blanket fidelity bond blanket group boiler and machinery coverage blanket limit blanket medical expense blanket policy blanket position bond blended finite risk blended risk blowout and cratering blowout prevention warranty Blue Book blue plan board committees boards and bureaus boatowners policy bobtail bobtail liability bodily injury bodily injury by accident limit (workers compensation) bodily injury by disease, each employee (workers compensation) bodily injury by disease—policy limit (workers compensation) boiler and machinery insurance bond bonding book value boom coverage BOP bordereau borderline risk Bornhuetter-Ferguson technique borrowed servant rule boutique law firm BPL branch profits tax brand equity brand rehabilitation brands and labels endorsement breach breach of contract breach of warranty clause break point British business interruption coverage broadcasters liability broad causes of loss form (ISO) broad evidence rule broad form comprehensive general liability (BFCGL) endorsement broad form contractual liability insurance broad form drive other car coverage broad form hold harmless clause broad form named insured endorsement broad form pollution exclusion broad form property damage (BFPD) broker brokerage department brokerage market brother-sister relationship Brownfield Brownian motion buffer layer builders risk policy building and personal property coverage form (ISO) building codes effectiveness grading schedule (BCEGS) Building Information Modeling (BIM) building ordinance coverage building rate bulk reserves bullying bumbershoot burden of proof burglary burning cost business auto policy business continuity management (BCM) business income coverage business income worksheet business interruption coverage business interruption worksheet business judgment rule business legal expense insurance business risk businessowners policy (BOP) business use class buyback deductible buyers' market buyout settlement clause buy/sell agreement 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 cancelable cancel and rewrite cancellation C and F candidate analysis CAN-SPAM Act cap capacity capital capital adequacy capital allocation Capital Asset Pricing Model (CAPM) capital at risk capital attribution capital markets capital stock capital stock company capital structure capital sum capitated fee CAPM captain of the ship doctrine captive captive facility Captive Insurance Companies Association (CICA) captive management company captive value added (CVA) care, custody, or control (CCC) cargo insurance Carmack Amendment Carriage of Goods by Sea Act (COGSA) carrier carryover provision case management case reserve case reserves cash flow plans cash balance pension plans cash call cash flow program cash flow return on investments (CFROI) cash flow underwriting cash refund annuity cash surrender value Casualty Claim Law Associate (CCLA) Casualty Claim Law Specialist (CCLS) casualty insurance catastrophe catastrophe bond catastrophe equity put catastrophe plan catastrophe policy catastrophe reinsurance catastrophe reserves catastrophic loss causes of loss causes of loss forms (ISO) CCC cedant cede ceded premiums ceding commission ceding company cell captive central collection point central tendency CERCLA certificate holder certificate of compliance certificate of insurance certificate of reinsurance certified act of terrorism Certified Risk Manager (CRM) cession cession number cession statement cestui que vie CFC CGL channeling chaplain or priest malpractice charter Chartered Insurance Institute (CII) Chartered Life Underwriter (CLU) Chartered Property Casualty Underwriter (CPCU) charterers legal liability coverage chemical, biological, radiological, nuclear (CBRN) weapon Chemnet chief risk officer (CRO) Children's Online Privacy Protection Act (COPPA) Choice no-fault chronic toxicity chronological stabilization plans CIF circumstance Civil Rights Act of 1991 claim claimant claim expense claims adjuster claims administrator claims audit claims-made claims-made and reported policy claims-made and reported provision claims-made multiplier claims-made reinsurance claims-paid policy claims reserve clash cover class class action Class Action Fairness Act of 2005 class I area Class 1 insureds Class 2 insureds classification classified insurance class of business class rating clause Clean Air Act (CAA) clean closure cleanup fund Clean Water Act (CWA) client company climate change risk clinical patterns closed-loop recycling CLU coded excess codefendant coding coemployer coemployment COGSA coinsurance hammer clause coinsurance provision coinsurer collapse additional coverage collapse: homeowners policy collar collateral collateral agreement collateral documents collateral estoppel collateralization of cash flow programs collateral source rule collateral value insurance collection commission collection fee collision damage waiver collision insurance combination plan reinsurance combination policy combined ratio comment period commercial appropriation commercial auto insurance coverage forms commercial crime policy commercial general liability (CGL) policy commercial insurer or reinsurer commercial lines Commercial Lines Manual (CLM) commercial multiple peril (CMP) policy commercial output policy (COP) commercial package policy commercial property conditions form (ISO) commercial property coverage forms (ISO) commercial property policy commercial property program commercial risks commercial waste management facility commission commissioner commissioners standard ordinary 1958 mortality table commissions of selling agents coverage Committee on Sponsoring Organizations (COSO) common accident common carrier common disaster common law common law defenses common law liability common policy conditions community property community rating Community Rating System (CRS) commutation commutation agreement commutation clause commutation rights comparative negligence compensable Compensated Intercorporate Hauling (CIH) compensating balance plan compensatory damages competitive bidding competitive state funds complaint completed operations complete retention composite rating comprehensive 3-D policy comprehensive auto coverage comprehensive auto liability (CAL) comprehensive boiler and machinery coverage Comprehensive Environmental Response Compensation and Liability Act (CERCLA) comprehensive general liability (CGL) policy comprehensive personal liability compulsory insurance compulsory insurance requirements (international insurance) computer crime insurance computer fraud coverage form computer software design errors and omissions concealment concurrency concurrent causation concurrent-cause situation concurrent insurance conditional binding receipt conditionally renewable conditional payment clause conditional vesting conditions condominium association coverage form (ISO) confidence intervals (levels) confiscation, expropriation, nationalization, and deprivation insurance conflict of laws ConsensusDOCS consent judgment consent to settlement clause consequential bodily injury suits consequential loss conservator consideration consolidated insurance program (CIP) Consolidated Omnibus Budget Reconciliation Act (COBRA) consolidation constructibility review construction ban construction defect construction management agency construction management at-risk construction management (CM) construction management professional liability insurance Construction Risk and Insurance Specialist (CRIS) constructive discharge constructive total loss contents rate contestable clause contingency fee contingency plan contingency planning contingency reserve contingent annuitant contingent beneficiary contingent business interruption insurance contingent commission contingent extra expense insurance contingent liability from operation of building codes continuance continuation of coverage in bankruptcy provision continuing undertaking rule continuous contract continuous injury trigger continuous treatment rule contract contract attorney contract bond contract carrier Contract Certainty contract of adhesion contractor controlled insurance program (CCIP) contractors all risks insurance (CAR) contractor's limitation endorsement contractors professional liability insurance contractors rework coverage contract ratification indemnity contract repudiation indemnity contractual liability contractual liability insurance contractual risk transfer contra proferentem rule contribution contribution by equal shares contribution by limits contributory negligence controlled foreign corporation (CFC) controlled insurance program (CIP) controlled master insurance program controlled unrelated business controlling Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003 (CAN-SPAM) control technique guidelines (CTG) convention blank convention statement convergence convergence (of the capital and insurance markets) converted losses convertible Cooke ratio cooperation clause cooperative controlled insurance program (CO-CIP) cooperative insurance Coordinated Advertising, Rate and Form Review Authority (CARFRA) coordination of coverage COP COPE core capital corporate counsel corporate governance corporate override agreement corporate reimbursement coverage corporation correlation/uncorrelation corridor deductible cost and freight (C and F) cost, insurance, and freight (CIF) cost of hire endorsement cost of risk cost of suit coverage cost of well control cosurety counseling liability counsel selection provision counterparty countersignature coupon interest course of employment courthouse steps settlement court reporter covariance covenant not to execute covenant not to sue covenants, conditions, and restrictions (CC&R) cover coverage coverage form coverage trigger cover note CPCU cradle-to-grave or manifest system credentialing liability credibility credit carry-forward credit default swap credit for reinsurance credit insurance credit life insurance credit risk credit wrap crisis crisis management approach crisis management coverage crisis management plan criteria pollutant critical recommendation criticism crop-hail insurance cross-complainant cross-complaint cross-defendant cross-liability coverage cross-liability endorsement cross purchase Cumis counsel cumulative collusive excess cover cumulative injury current disbursement current service benefit custom bond customer's auto cutoff cut through endorsement CWA cyberspace liability 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) death rate debit agent debit life insurance debit system debris removal decennial liability declarations declaratory judgment declination deductible deductible, annual aggregate deductible plan deemer period deemers defamation default default insurance defeasance defendant Defense Base Act defense costs endorsements defense clause defense-only coverage defense within limits deferred acquisition cost (DAC) deferred group annuity deferred payment merchandise deferred premiums deferred tax asset deficit carry-forward or carry-back defined benefit plan defined contribution plan delay clause delayed completion coverage delay in start-up (DSU) insurance delivery demand surge demand trigger coverage demolition coverage demurrage demurrer demutualization denial of tenure claims Department of Labor (DOL) Department of Transportation (DOT) dependent properties time element coverage deposit deposit accounting deposition deposit policy deposit premium depreciation deprivation derivative derivative contract derivative lawsuits designated contractor designated employees designated insured endorsement designated operations exclusion endorsement designated pollutant designated workplaces exclusion endorsement design-build professional liability insurance designer bugs design liability destroyed medical waste destruction and removal efficiency (DRE) development factor deviation difference-in-conditions (DIC) insurance difference-in-limits (DIL) clause Digital Flood Insurance Rate Map (DFIRM) diminution in value direct action direct damage direct damage coverage direct discharger direct filtration Directive on Data Protection direct loss direct market directors and officers (D&O) liability insurance direct premiums direct selling system (direct marketing) direct threat direct writer direct writing captive direct writing carrier direct written premium dirty bomb disability disability benefit disability income insurance disappearing deductible disaster disaster recovery plan disciplinary proceeding expense coverage disclaimer discount rate discovery discovery cover discovery period discovery provision discovery rule discrimination disease loading dismemberment dismissal disparate impact discrimination disparate treatment discrimination dispersion distributions distribution system diversification credit divided risk endorsement dividend accumulation dividend addition dividend options dividends divisible contract clause docket control system DOHSA domestic insurer domestic terrorism domicile domicile manager domino theory dose response dose-response assessment dose-response relationship double excess coverage double indemnity double protection downsizing exclusion draft authority dramshop liability "D" ratio drive other car endorsement Driver's Privacy Protection Act (DPPA) drop down provision druggist liability insurance dry pipe sprinkler system dual agency dual capacity due diligence duty to defend duty to pay dwelling dwelling property coverage forms dynamic financial analysis (DFA) dynamic risk 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 EEO-1 report effective date effective tax rate efficacy insurance EFT system coverage EIL insurance election election window elective benefits electrical damage or injury exclusion Electronic Communications Privacy Act (ECPA) electronic data electronic data processing (EDP) coverage electronic funds transfer (EFT) system coverage electronic products errors and omissions (E&O) insurance elevator insurance eligibility period elimination period ELP factor EMAP embedded value emergency emergency medical technician (EMT) and paramedics professional liability emergency response plan emergency response values employed lawyers professional liability insurance employee assistance program (EAP) employee benefit programs employee benefits liability employee dishonesty coverage employee hired autos endorsement employee leasing employee leasing company employee pension benefit plans Employee Retirement Income Security Act (ERISA) liability Employee Retirement Income Security Act (ERISA) of 1974 employee stock ownership plan (ESOP) employee stock purchase plan employee welfare benefit plans employees as additional insureds employers excess indemnity insurance employers liability coverage Employment Arbitration Agreement employment-at-will doctrine employment practices liability insurance (EPLI) employment-related practices liability (ERPL) policy employment risk EMT encapsulation endangerment assessment endemic disease coverage endorsement endowment insurance energy release theory enforceable requirements enforcement decision document (EDD) engaged in trade or business (ETB) engagement letter engineering engineering insurance Engineering Joint Contracts Documents Committee (EJCDC) enterprise risk management (ERM) entire contract clause entity coverage entity securities coverage environmental assessment environmental audit environmental impact statement environmental impairment liability (EIL) insurance environmental liability buyout Environmental Monitoring and Assessment Program (EMAP) data environmental stop loss insurance EPLI Equal Employment Opportunity Commission (EEOC) Equal Pay Act of 1963 equipment breakdown insurance equipment floater equitable estoppel erection all risks insurance (EAR) ergonomics Erie Doctrine ERISA liability ERISA stock drop litigation ERM ERP ERPL error or omission in reporting endorsement errors and omissions (E&O) clause errors and omissions (E&O) insurance escape provision essential functions estate plan estimated premium estoppel ETB event event insurance event risk event triggered financings evidence evidence of insurability exacerbation exception (to exclusion) excess excess and surplus (E&S) lines insurance excess cover excess insurance excess interest excess liability "follow form" policy excess liability policy excess limit excess lines broker excess loss premium (ELP) factor excess of loss ratio reinsurance excess of loss reinsurance excess per risk reinsurance excess point excess workers compensation insurance exchange transfer embargo indemnity exclusion exclusive agency system exclusive remedy exculpatory clause executive officer executor exemplary damages exempt motor carrier ex gratia payment exhibitor insurance ex-medical coverage ex parte hearings expatriate expected loss expected morbidity expected mortality expected or intended expected reinsurer deficit (ERD) expediting expense expediting expense coverage expense expense allowance expense constant expense load expense ratio expense reserve experience experience account experience modification experience modifier experience rating experience refund expert expiration expiration file expiration notice export and/or import embargo indemnity exposure exposure base exposure-in-residence theory exposure rating exposure survey express authority expropriation extended coverage (EC) endorsement extended discovery period extended discovery provision extended period of indemnity endorsement or option extended reporting period (ERP) extended term insurance exterior insulation and finish systems (EIFS) extortion coverage form G extracontractual damages extracontractual obligations (ECO) extra expense coverage extra percentage tables extra premium extraterritorial coverage extremely hazardous substances "extrinsic facts" test 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 farmowners insurance FAS FAS 5 FAS 113 FAS 115 FASB FCE FCMH&SA FC&S warranty feasibility study Federal Coal Mine Health Safety Act (FCMH&SA) federal crop insurance Federal Emergency Management Agency (FEMA) Federal Employers Liability Act (FELA) federal excise tax (FET) Federal Highway Administration (FHWA) Federal Insurance Contribution Act (FICA) Federal Motor Carrier Safety Administration (FMCSA) Federal Motor Carrier Safety Regulations (FMCSR) Federal Savings and Loan Insurance Corporation (FSLIC) fee-for-service fees fee schedule FELA fellow employee coverage fellow employee exclusion fellow employee suits coverage Fellow in Risk Management (FRM) Fellowship of the Chartered Insurance Institute (FCII) FET FICA fidelity bond fiduciary fiduciary bond fiduciary liability fiduciary liability endorsement fiduciary liability "follow-on" claims field service advice (FSA) filed forms financed insurance Financial Accounting Standards Board (FASB) Financial Anti-Terrorism Act (FATA or PATRIOT Act) financial capacity financial disclosure claims financial guarantee insurance financial institution bond financial modeling financial quota share financial reinsurance financial responsibility financial responsibility law financial restatement financial restatement exclusion financial risk management financial statement financial transformation (FT) fine arts coverage finite risk insurance fire brigade fire department service charge coverage fire legal liability coverage fire-resistive construction firewall fire wall FIRMette "first bite" first class mail coverage first dollar coverage first dollar defense coverage first dollar defense, umbrella first named insured first-party insurance first surplus reinsurance treaty fixed-cost insurance flat flat cancellation flat commission flat dividend flat rate fleet fleet automatic, auto fleet of companies fleet policy floater policy flood coverage flood exclusion flood insurance rate map (FIRM) floor FOB FOB destination follow form follow form professional liability endorsement following reinsurer following the fortunes forced placed force majeure force majeure insurance foreign commerce foreign currency controls foreign insurer foreign liability coverage foreign title equivalent coverage provision forgery or alteration coverage "for-hire" motor carrier form fortuitous event forum shopping forward forward contract "four-corners" test FPA FPAAC FPAEC fractional premium frame construction franchise deductible franchise insurance fraud Fraud Claim Law Associate (FCLA) Fraud Claim Law Specialist (FCLS) free alongside (FAS) free of capture and seizure (FC&S) warranty free of particular average (American conditions) (FPAAC) free of particular average (English conditions) (FPAEC) free of particular average (FPA) free on board (FOB) free on board destination (FOB destination) freight broker freight forwarder frequency friable asbestos friendly fire FRM front company front pay fronted captive fronting FSLIC full coverage full preliminary term reserve valuation full prior acts coverage full-timers coverage fully insured status fully paid policy functional capacity evaluation (FCE) functional job description functional replacement cost functional replacement cost provision or endorsement fundamental risk fund control agreement funded funded covers funded pension plan funded retention funded self-insurance fund states coverage funds withheld furriers block policy furriers customers insurance future futures contract A B C D E F G H I J K L M N O P Q R S T U V W X Y Z G garagekeepers coverage/garagekeepers legal liability garagekeepers extra legal liability garage liability insurance garage policy garment contractors floater GCW General Adjustment Bureau (GAB) general agency system general aggregate limit general average losses general counsel general damages general employer general exclusions general inclusions general indemnity clause general liability insurance Generally Accepted Accounting Principles (GAAP) general maritime law general supervision Genetic Information Nondiscrimination Act of 2008 geographical (coverage territory) limitations GIC glass ceiling glass insurance global insurance program glovebag good faith settlement "good guy" letter good samaritan statutes good student discount governing classification grace period graded commission graduated drivers licenses Gramm-Leach-Bliley (GLB) Act green building greenmail exclusion gross cessation gross combination weight (GCW) gross earnings coverage gross loss reserves gross negligence gross premium gross profits insurance gross receipts or mileage, auto gross vehicle weight (GVW) gross weight gross written premium (GWP) ground coverage ground up loss group annuity group captive group certificate group contract group credit insurance group insurance group of companies group-owned captive group practice HMO group property and liability insurance group self-insurance guaranteed auto protection (GAP) guaranteed cost guaranteed cost discount (GCD) guaranteed cost insurance guaranteed cost premium guaranteed insurability guaranteed investment contract (GIC) guaranteed renewable guaranty agreement guaranty fund guardian ad litem Guertin laws guests' property, premises guests' property, safe deposit box guest statutes, auto GVW A B C D E F G H I J K L M N O P Q R S T U V W X Y Z H hail insurance hammer clause hangar keepers liability hard market The Harper Group v. Commissioner hazard hazard class pricing hazardous ranking system (HRS) hazardous waste hazard risk HAZMAT healing plateau healthcare purchasers liability insurance health care reimbursement plan Health Insurance Portability and Accountability Act of 1996 (HIPAA) health maintenance organization (HMO) hedge hedge fund hedge instrument hedging transaction highly protected risk (HPR) property high-risk community Highway Loss Data Institute (HLDI) hired automobile historical cost HMO hold harmless agreement holding power formula holistic risk management homebuilder wrap-up home equity insurance home foreign home office homeowners modified form 8 (HO-8) homeowners policy homeowners policy basic form 1 (HO-1) homeowners policy broad form 2 (HO-2) homeowners policy comprehensive form 5 (HO-5) homeowners policy contents broad form 4 (HO-4) homeowners policy special form 3 (HO-3) homeowners policy unit owners form 6 (HO-6) honorable engagement or undertaking horizontal exhaustion rule hospital income insurance hospital professional liability (HPL) insurance hostile fire hostile work environment sexual harassment host liquor liability hot line Household Goods Transportation Act HPR property HR-10 plan HRS hull coverage Humana, Inc. v. Commissioner human equivalent dose hurdle rate hybrid hybrid plans A B C D E F G H I J K L M N O P Q R S T U V W X Y Z I IBNR ICC Termination Act of 1995 identity theft coverage idiopathic injury III ILOC IME immediate annuity immediately dangerous to life and health (IDLH) impaired property impaired risk impairment impairment capital implead implied authority implied warranty improvements and betterments in camera proceedings inchmaree clause incidence of ownership incidental malpractice incident reporting provision incontestable clause incorporation doctrine increased cost of construction increased limit factors increased limits table incurred but not enough (IBNE) incurred but not reported (IBNR) losses incurred expense incurred losses incurred loss ratio incurred loss retro indemnification indemnify indemnitee indemnitor indemnity indemnity bond indemnity clause indemnity contract indemnity payments independent adjuster independent agency system independent contractor independent directors policies independent medical evaluation (IME) independently filed form index index-based contracts index bureau indexed deductible indexing, indexation indirect damage loss individual practice association Individual Risk Premium Modification (IRPM) industrial hygiene control industrial insured industrial insured group industrial life insurance inflation factor inflation guard provision informal retention information page Information Practices Act (SB 1386) informed consent inherent defects insurance (IDI) inherent vice in-house counsel initial premium initial public offering (IPO) inland marine coverage innkeepers legal liability in rem endorsement inside adjuster inside directors insider trading insolvency clause inspection bureau inspection fees inspection reports installation floater installment settlement installment tail coverage insurability insurable interest insurance insurance agent's errors and omissions insurance commissioner insurance contract insurance department insurance examiner insurance exchange Insurance Information Institute (III) Insurance Institute for Highway Safety (IIHS) insurance line insurance policy Insurance Regulatory Information System (IRIS) insurance requirements insurance risk insurance risk management insurance risk score insurance risk scoring Insurance Services Office, Inc. (ISO) insurance to value insuratization insured insured contract Insured Fixed-Price Cleanups (IFCs) insured versus insured exclusion insurer insurer insolvency exclusion insurer-sponsored agency captive insuring agreement integrated disability management (IDM) integrated excess policies integrated risk intellectual property intellectual property defense cost reimbursement insurance intellectual property infringement abatement insurance interchange agreements interest rate risk interim bill interim (permit) status inter-insurance exchange interlining interlocutory appeal intermediary intermediary clause intermodal Intermodal Surface Transportation Efficiency Act (ISTEA) of 1991 International Fuel Tax Agreement (IFTA) International Registration Plan (IRP) international reverse business interpolicy stacking interrelated claims provisions interrogatory interstate commerce Interstate Commerce Act Interstate Commerce Commission (ICC) Interstate Commerce Commission (ICC) Termination Act of 1995 interstate experience rating intrafamily immunity intrapolicy stacking intrastate commerce intrastate experience rating invasion of privacy Investment Company Act of 1940 investment income investment risk invitee IPO laddering claims IRIS irrevocable beneficiary irrevocable letter of credit (ILOC) ISO issued business A B C D E F G H I J K L M N O P Q R S T U V W X Y Z J jettison jewelers block insurance job safety analysis (JSA) joint and several liability joint and survivorship annuity joint annuity Joint Commission on Accreditation of Healthcare Organizations (JCAHO) joint defense joint employer joint insurance joint underwriting associations joint venture joisted masonry construction Jones Act (Merchant Marine Act of 1920) judgmental immunity judgment rates jumping juvenile insurance jump process jurisdiction A B C D E F G H I J K L M N O P Q R S T U V W X Y Z K Kenney ratio Keogh Act Plan key man insurance kidnap/ransom insurance known loss provision known loss rule Kotecki waiver A B C D E F G H I J K L M N O P Q R S T U V W X Y Z L labor contractor LAE Lamb-Weston Rule lapse lapse ratio large deductible plan large line capacity laser exclusion last injurious exposure latent defect lateral hire laundry listing law clerk law enforcement officers liability law of large numbers lawyers professional liability coverage layering lay-up lay-up warranty LC5-lethal concentration LD50-lethal dose leading lead reinsurer leasehold interest legal action against insurer legal liability coverage form (ISO) Legal Principles Claim Specialist (LPCS) legal risk lender liability lenders liability coverage lenders loss payable endorsement lessee lessees of safe deposit boxes coverage form I lessor less than truckload (LTL) letter of credit (LOC) leverage liability liability for guests' property, premises coverage form L liability for guests' property, safe deposit box coverage form K liability insurance liability limits Liability Risk Retention Act libel liberalization clause license license and permit bond licensed insurer/reinsurer lien life expectancy life insurance trust Life Office Management Association (LOMA) Life Underwriter Training Council (LUTC) Lilly Ledbetter Fair Pay Act of 2009 limit limitation of liability clause limitation of risk limited liability company (LLC) limited losses Limited Mexico Coverage Endorsement limited severability provision limit of insurance limit of liability "limits reduction" provision limits under multiple policy (LUMP) years line line of business line sheet line slip liquidated damages liquidity liquidity ratio liquidity risk liquor law liability (dramshop) litigation litigation management Little Miller Acts livestock collision livestock mortality insurance Lloyd's broker Lloyd's central fund Lloyd's managing agent Lloyd's members' agent Lloyd's of London Lloyd's syndicate Lloyd's underwriter loan-backs loan participation coverage locality standard London form (BFPD) Longshore and Harbor Workers Compensation Act (LHWCA) long tail liability long-term disability (LTD) income insurance long-term insurance loss loss adjustment expense (LAE) loss assessment loss carry forward loss conditions loss constant loss control loss conversion factor (LCF) loss costs loss damage waiver (LDW) loss development loss development factor losses incurred losses in excess of policy limits loss forecasting loss limit loss limitation loss loading (multiplier) loss mitigation underwriting (LMU) loss of consortium suits loss of income coverage loss payable clause loss payout curve loss pick loss portfolio agreements loss portfolio transfer (LPT) loss prevention loss rating loss ratio loss ratio coverage loss reduction loss report loss reserve loss reserve stability loss sensitive plans loss trending loss triangle lost policy release lowest achievable emission rate A B C D E F G H I J K L M N O P Q R S T U V W X Y Z M maintenance, cure, and wages maintenance wrap-up major life activity major medical insurance malicious prosecution malpractice malpractice insurance managed care managed care coverage endorsement managed care liability insurance managed care organization (MCO) management advisory services management liability insurance Management Liability Insurance Specialist (MLIS™) managing general agent (MGA) managing general underwriter (MGU) mandatory arbitration provision mandatory securities valuation reserve manifestation theory manifest system manual premium manual rates manufacturers and contractors (M&C) insurance manufacturer's output policy (MOP) manufacturers penalty insurance manufacturer's selling price endorsement manuscript certificate of insurance manuscript form or policy margin clause marina operators legal liability coverage marine insurance maritime law market conduct market conduct exam market cycles market risk market service agreement (MSA) market value market value clause masonry noncombustible construction master policy material safety data sheet (MSDS) mature mature claims-made maturity maturity date maximum foreseeable loss (MFL) maximum medical improvement (MMI) maximum possible loss (MPL) maximum premium M&C insurance McCarran-Ferguson Act (Public Law 15) MCS-90 endorsement mean reserve mean/variance/covariance (MVC) risk modeling method media liability coverage mediation mediation incentive deductible Medicaid medical fee schedule Medical Insurance Compensation Reform Act (MICRA) Medical Malpractice "Caps" medical malpractice insurance medical payments, auto medical payments, general liability medical payments, homeowners Medicare Medicare fraud and abuse insurance membership accounting members of Lloyd's of London mental impairment mental-mental injuries menu-driven policy mercantile open stock mercantile robbery mercantile safe burglary methods and means (of construction) Mexico coverage MGU midi-tail Migrant and Seasonal Agricultural Worker Protection Act (MSAWPA) mill construction Miller Act Million Dollar Round Table (MDRT) mine subsidence coverage minimum and deposit (M&D) minimum deposit policy minimum premium mini-tail mini-trial minor's compromise miscellaneous liability coverage misrepresentation misstatement of age provision mix of services mobile equipment mobile home policy model model act modification factor (the "mod") modified fire-resistive construction modified premium monetary threshold money and securities broad form policy money orders and counterfeit paper currency insurance monoline monopolistic state funds Montrose doctrine Montrose endorsement moonlighting coverage MOP morale hazard moral hazard morbidity mortality mortality table mortgage-backed security mortgage errors and omissions insurance mortgage impairment insurance mortgage insurance mortgage (mortgagee) clause most favored venue wording motion motion in limine motion practice motion to dismiss Motor Carrier Act (MCA) Motor Carrier Act Endorsement motor carrier policy motor home policy motor truck cargo motor vehicle motor vehicle insurance law motor vehicle registration law multiemployer pension and benefit plans multi-peril crop insurance (MPCI) multiple-cause situation multiple coordinated policies multiple indemnity multiple parent captive multiple protection insurance multiple trigger insurance contracts multiplied damages multiyear single limit (MYSL) mutual additional insured status mutual benefit association mutual company mutual fund mutual insurer mutualization mutual law enforcement agreements MVR A B C D E F G H I J K L M N O P Q R S T U V W X Y Z N name named insured named nonowner policy or endorsement named perils coverage name partner National Association of Insurance Commissioners (NAIC) National Association of Registered Agents and Brokers (NARAB) National Council on Compensation Insurance (NCCI) National Flood Insurance Program (NFIP) National Highway Traffic Safety Administration (NHTSA) National Independent Statistical Service (NISS) nationalization National Practitioner Data Bank (NPDB) National Priorities List (NPL) National Response Center National Response Team (NRT) National Safety Council Nationwide Marine Definition natural death naturally occurring asbestos (NOA) naturally occurring substances NCCI negative basis negligence negligence per se negligent entrustment negligent evaluation negligent provider selection negligent referral negligent retention net interest earned net level premium net line net loss net loss reserves net present value net retained liability net retention net risk (risk limitation) network net written premium new for old newly acquired entities newsgathering torts New Source Performance Standards (NSPS) nexus NFC mortality rate NFIP no-fault no further remedial action planned nonadmitted asset nonadmitted balance nonadmitted insurance (international insurance) nonadmitted insurer nonadmitted reinsurance Nonappropriated Fund Instrumentalities Act nonassessable nonassignable non-certified act of terrorism noncombustible construction nonconcurrency nonconcurrency of coverage triggers noncontributing, noncontributory noncontributory insurance noncontrolled foreign corporation (NCFC) noncorrelated risks noncumulation of limits provisions nonderivative suits nonduplication of benefits noneconomic damages nonengagement letter nonfiled line of coverage nonforfeiture values nonimputation provision noninsurable risk noninsurance noninsurance risk transfer nonledger assets nonmedical nonowned automobile nonparticipating (non-par) nonparticipation settlement clause nonpecuniary relief nonpracticing extension nonprofit directors and officers liability insurance nonprofit insurers nonproportional reinsurance nonqualified plans nonratable elements nonresident agent nonstandard auto insurance nonsubject premium nonsubscription nonsuit nontransferability provisions noon clause no-pay, no-play laws normal loss North American Industry Classification System (NAICS) nose coverage notary claim exclusion notice notice of cancellation/nonrenewal clauses notice of circumstances during ERP provision notice of claim provision notice of occurrence notice of potential claim provision notice to the company novation NPL nuclear, biological, chemical (NBC) weapons nuclear exclusion A B C D E F G H I J K L M N O P Q R S T U V W X Y Z O object objective findings obligatory treaty obligee obligor occupational accident insurance occupational classification occupational disease occupational injury occupational manual occurrence occurrence policy occurrence year ocean marine coverage OCP OCSLA OEE of counsel off-balance-sheet risk off-duty coverage offer office burglary and robbery Office of Motor Carrier Standards (OMCS) off-premises power coverage offset clause offshore captive OL&T liability policy omnibus clause on-demand bonds, bank guarantees ongoing operations Online Privacy Protection Act of 2003 (AB68) onshore captive open perils open rating open stock burglary policy operating cash flow operating earnings operational capital operational risk operational risk financing securities (ORFS) operational risk management (ORM) operators extra expense (OEE) optimization optimum level of risk retention option option backdating option instruments optionally renewable option spring-loading opt-out lawsuits ordinance or law coverage ordinary construction ordinary life ordinary payroll limitation or exclusion endorsement organizational documents organizational risk organizing original gross premium (OGP) original insurer OSLR ostensible agency liability other insurance clause other states coverage other structures: homeowners policy other-than-collision coverage other underwriting income outcomes measurement outer continental shelf Outer Continental Shelf Lands Act (OCSLA) out of employment outplacement services outside directors outside directorship liability coverage outstanding losses outstanding loss reserves (OSLR) outstanding premiums overall operating ratio overinsurance overlapping insurance over-line override overriding commission overtime surcharge owner controlled insurance program (OCIP) owner-operator owners and contractors protective (OCP) liability coverage ownership clause owners, landlords, and tenants (OL&T) liability policy owners protective errors and omissions insurance coverage A B C D E F G H I J K L M N O P Q R S T U V W X Y Z P package policy paid-in capital paid losses paid loss retrospective rating plan paid up paid-up additions pain and suffering pair or set clause PAP par paralegal parallel proceedings parameter risk parcel post coverage parent company pari passu rule parol evidence Part A permit, Part B permit partial disability partial loss partial retention participant participating (par) participating policy participating reinsurance particular average partner partner controlled insurance program (PCIP) partner-track party party-in-interest transactions passive foreign investment company (PFIC) passive loss passive retention pass-through entity patent infringement patient dumping Patient's Bill of Rights Legislation Patient's Compensation Funds Paul v. Virginia payment account payment bond payor benefit payout profile payroll payroll audit payroll deduction payroll limitation peer review penal sum penalty pension Pension Benefit Guaranty Corporation (PBGC) Pension Protection Act of 2006 per capita percentage participation per diem business interruption coverage perfect hedge performance bond performance ratio peril peril of the sea per-loss deductible permanent and stationary permanent life insurance permanent partial disability permanent total disability per occurrence limitation of liability provision per risk excess reinsurance personal and advertising injury personal articles floater personal auto policy (PAP) personal effects floater Personal Information Protection and Electronic Documents Act (PIPEDA) personal injury personal injury protection (PIP)/no-fault personal liability coverage personal lines personal profit exclusion personal property personal risk management (PRM) personal umbrella policy personnel risk per stirpes phishing physical hazard physical impairment physical-mental injuries physical rehabilitation P&I insurance PIP placement service agreement (PSA) placement slips plain language laws plaintiff planned retention planning plate glass insurance pleadings PML point-of-entry treatment device point-of-use treatment device police professional liability insurance policy policy anniversary policy conditions policy date policy definitions policy dividend policy expense allowance policy fee policyholder policyholder dividends policyholder surplus policy loan policy owner policy period policy registers policy reserve policy territory policy writing agent policy year policy year experience political risk insurance pollutant pollutant standard index (PSI) pollution pollution exclusion pool portfolio portfolio reinsurance portfolio return portfolio runoff portfolio transfer Port Risk post-emergency recovery postmortem dividend potentially responsible party (PRP) power of attorney practice insurance policy practice policy preauthorized check plan precedent pre-claim advice credit predecessor firm coverage preexisting condition preferred provider organization (PPO) preferred risk Pregnancy Discrimination Act of 1978 (PDA) prejudgment interest premises premises burglary coverage premises-operations premises theft and outside robbery coverage form H premium premium, advance premium audit premium basis premium capacity premium deposit premium discount premium loan premium notice premium payment plan premium prepayment premium, pure premium reserve premiums earned premium tax prepaid legal plans preponderance of evidence present value preservation of property pre-set allocation provision presumption presumptive indemnification provision PRIMA primary and non-contributory primary beneficiary primary cover primary insurer primary liability principal principal sum principle of indemnification prior acts coverage prior and pending litigation exclusion priority of payments provision prior work exclusion private carrier private company directors officers (D&O) liability insurance private equity firm Private Letter Ruling privately held corporation private placement Private Securities Litigation Reform Act of 1995 privileged communication privity of contract probability probability analysis probability of ruin probable maximum loss (PML) probationary period proceeds process process risk process wastewater producer producer-owned reinsurance captive (PORC) product product disparagement production of documents product liability product liability exclusion product liability insurance product recall products-completed operations products guarantee legal liability products tampering insurance professional employer organization (PEO) professional liability professional reinsurer profit center captives profit commission profit sharing plan pro forma (projected) financial statements program business progressive injury or damage prohibited risk prohibited transaction exemption (PTE) prohibited transactions prohibition of voluntary payments provision pro hoc vice project liability insurance project management protective liability (PMPL) insurance promissory estoppel promissory note proof of loss Property Claim Law Associate (PCLA) Property Claim Law Specialist (PCLS) property damage property insurance property transfer liability insurance proportional liability proportional/pro rata reinsurance proposal bond pro rata pro rata cancellation pro rata distribution clause pro rata reinsurance proration pro se prospect prospecting prospective aggregates prospective loss costs prospective rating protected cell captive (PCC) protection and indemnity (P&I) insurance protection classes protective liability insurance protective order Protective Professional Indemnity Insurance protective safeguards endorsement provisional notice of cancellation (PNOC) provisional premium proximate cause psychological rehabilitation public adjuster Public Company Accounting Oversight Board (PCAOB) public easement public employee dishonesty coverage Public Law 15 (McCarran Act) public liability insurance publicly held corporation public officials bond public officials liability public officials liability insurance public or livery conveyance use public policy exception Public Risk Management Association (PRIMA) publishers liability punitive damages purchasing group pure captive pure claims-made policy pure endowment pure loss cost pure premium pure risk putting in expenses A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Q qualified person with a disability qualified plan qualified self-insurer qualitative claim auditing Quality Indicator Profile (QIP) quantitative claim auditing quantity discount quantum meruit quasi-contract quick assets quid pro quo quid pro quo sexual harassment quota share reinsurance A B C D E F G H I J K L M N O P Q R S T U V W X Y Z R Racketeer Influenced and Corrupt Organizations (RICO) Act of 1970 RACM radiological weapon radius class radius of operations railroad protective liability railroad sidetrack agreement rainmaker ratable losses rate rate basis rated insurer rate discrimination rate making rate manual rate of natural change rate on line (ROL) rating rating bureau rating class rating experience rating methodology RBNE RCRA readjustment income real estate brokers errors and omissions real property reasonable accommodation reasonable repairs reasonably available control technology (RACT) rebate rebating recapture reciprocal reciprocal insurance reciprocity recision recurrent disability recurring clause redact redlining redomiciling reduced paid-up insurance reformation (of an insurance policy) refund annuity registered agent registered mail coverage Registered Professional Liability Underwriter (RPLU) registers regression analysis regulated asbestos-containing material (RACM) regulated medical waste Regulation 114 trust regulatory agency exclusion regulatory estoppel regulatory risk rehabilitation management reimbursement policies reinstatement reinstatement premium reinsurance reinsurance agreement reinsurance assumed reinsurance captive reinsurance ceded reinsurance commission reinsurance confirmation reinsurance credit reinsurance/hedging strategy optimization reinsurance intermediaries reinsurance pool reinsurance premium reinsurance recoverable reinsurance sidecar reinsurance treaty reinsurance wheel reinsured reinsurer reinsurer's margin related claims provisions related person insurance income (RPII) related product liability exclusion related risk release relief well coverage remedial action (RA) remedial design remedial investigation remedial project manager (RPM) remedial response remediation remediation cost cap policy remuneration renewable term renewal certificate renewal policy rent-a-captive rental captive rental cost reimbursement (cost of hire) endorsement rents or rental value insurance repatriation repatriation of dividends insurance replacement cost coverage reportable quantity (RQ) reported losses reporting form coverage reporting lag repossessed autos endorsement representation representations and warranties insurance reproduction cost reputational risk request for proposal (RFP) Research and Special Programs Administration (RSPA) reservation of rights reserve reserved but not enough (RBNE) residence employee: homeowners policy resident agent residential wrap-up residual market residual market load (RML) residual market loading residual value insurance res ipsa loquitur res judicata Resource Conservation and Recovery Act (RCRA) respondeat superior response action restitution of fees results standards resumption plan retail agent retaliation claims retaliatory law retaliatory suits retention retention ability retention plan retired directors liability policies retirement annuity retirement income policy retraction provisions retroactive conversion retroactive date retroactive insurance retrocedent retrocession retrocessionaire retrocessional pools retrospective aggregates retrospective rating return of premium (or cash value) return of professional fees exclusion return of remuneration exclusion return on equity (ROE) return on risk-adjusted capital (RORAC) return premium return-to-work program reverse flow business reversionary RICO rider riggers liability insurance right of offset right of recourse provision Right to Repair Law RIMS rip and tear coverage risk risk-adjusted return on capital (RAROC) risk-adjusted return on risk-adjusted capital (RARORAC) risk-adjustment investment (capital) Risk and Insurance Management Society (RIMS) risk appetite risk assumption risk-based capital (RBC) requirements risk capital risk charge risk concentration risk control risk dashboard risk distribution risk financing risk gap risk identification risk index risk management risk management information system (RMIS) risk management process risk management techniques risk manager risk map/mapping risk pool risk prioritization risk profile risk purchasing group (RPG) risk quantification risk reduction risk retention Risk Retention Act (RRA) risk retention group (RRG) risk securitization risk sharing risk shifting risk smoothing risk tolerance risk types risk volatility RMIS road rage robbery robbery and safe burglary coverage, money and securities form Q robbery and safe burglary coverage, other than money and securities form D rolling policy limits rolling wrap-up Rule 11 sanctions running down clause runoff 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 S safe burglary insurance safe deposit box coverage safe depository coverage Saffir-Simpson scale sale bond sales salesmen's samples coverage saline substances contamination endorsement salvage salvage value Sarbanes-Oxley Act (SARBOX, SOX, SOx) schedule schedule bond scheduled limits scheduled loss "Schedule P" reserve schedule rating school board legal liability insurance school board liability coverage screening clients/cases Sears, Roebuck Co. v. Commissioner seasonal risk secondary beneficiary secondary classification—special industry class second surplus reinsurance Securities Act of 1933 securities class action claims securities deposited with others coverage form J Securities Exchange Act of 1934 securities insuring agreement securities valuation reserve securitization securitization of risk security holder exclusion security requirements Seedsmen's Errors and Omissions Liability Insurance segregated cell captive (SCC) segregation selected tender selection self-contained policy self-insurance self-insurance pool self-insured retention (SIR) self-insurer's bond self-procurement taxes self rating selling price clause or endorsement Senior Claim Law Associate (SCLA) separate account sequential-cause situation service fulfillment insurance servicing contractors rider settlement lag settlement options settlement programs severability of exclusions severability of interests clause severability provision in D&O applications several liability severance pay severity sexual abuse exclusion sexual harassment share reinsurance share repurchases Sharpe ratio shortfall risk short-rate cancellation shrinking limits defense provision Side A coverage Side A-only coverage Side B coverage sidecar reinsurance Side C coverage sidetrack agreement signaling capital significant deviation silica silo factor simulation risk modeling method (often called Monte Carlo method) Single entity coverage single-entry, multichannel interface (SEMCI) single interest insurance single-owner captive single-parent captive single premium insurance single state registration system (SSRS) sinkhole collapse SIR sistership liability exclusion size class slabbed slander sleep insurance sliding scale sliding scale commission sliding scale dividend slip small quantity generator soft costs coverage soft market soft target solicitor solvency margin solvency ratio sophisticated insured source revelation provisions spamming Spearin doctrine special acceptance special causes of loss form (ISO) special crime insurance special damages special employer special flood hazard areas (SFHA) special investigative unit (SIU) special litigation committee (SLC) special mobile equipment special or specialty risks Special Personal Auto Policy (SPAP) special purpose vehicle (SPV) specialty risks special waiver specifications specific excess insurance specific limits specific loss limit specific rating specified causes of loss coverage specified perils coverage speculative risk speed to market split dollar plans sponsor sponsored captive spousal coverage spousal coverage extension spread loss reinsurance spread of risk spread sectors sprinkler leakage coverage SR-22 SSRS stabilization reserve stacking staff model HMO stair stepping stamp duty stand-alone terrorism coverage standard deviation standard exceptions standard fire policy (SFP) jurisdictions standard form or standard policy Standard Industrial Classification (SIC) standard premium standard property policy (ISO) stare decisis stat card State Emergency Response Commission (SERC) state funds State Implementation Plans (SIP) statement blank static risk modeling statistical method statute of limitations statute of repose statutory accounting principles (SAP) statutory capital statutory coverages statutory inspections statutory insurance statutory law stay of proceedings stevedores legal liability coverage stevedoring stipulation stochastic dominance stock captive stock company stock option stock option claims stop gap endorsement stop loss stop-loss reinsurance (SLR) storekeepers broad form storekeepers burglary and robbery policy storm surge Stowers Doctrine straight life policy strategic risk strategic risk management strict liability strike coverage strike price strikes, riots, and civil commotions (SR&CC) warranty strike-through clause structural risk modeling methods structured finance structured settlement subbroker subcontractor default insurance subcontractor exception subguard insurance subject business subjective symptoms subject of insurance subject policies subject premium sublimit submission Subpart F income subpoena subpoena duces tecum subprime loans subrogation subrogation provision subrogation release subrogation waiver subsidence substandard substitute physician coverage endorsement "sudden and accidental" sue and labor clause summary judgment summons sump pump Superfund superintendent of insurance superseded surety rider supervision coverage supplemental extended reporting period (SERP) supplementary employee retirement plan (SERP) supplementary payments surety surety bond surplus surplus line surplus lines broker surplus lines insurance surplus notes surplus reinsurance surplus relief surplus share surrender survey survival action suspension of coverage endorsement swap swaption syndicate system safety approach systems performance insurance 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 T 10/10 Rule T3 Lloyd's Form tail tail coverage Tail Value at Risk (Tail VaR) or Tail Conditional Expectation (TCE) targeted enterprise risk insurance (TERI) targeted tender target risk tariff tax acceleration tax factor tax harmonization tax interruption coverage tax multiplier tax opinion insurance Tax Reform Act (TRA) Technical and Miscellaneous Revenue Act of 1988 (TAMRA) technique of operations review (TOR) system technology errors and omissions insurance (Tech E&O) telecommuting telemedicine Telephone Consumer Protection Act of 1991 (TCPA) temporary partial disability temporary total disability tender of defense tender offer defense expense terminal coverage terminal operator termination term life insurance terrorism terrorism endorsement terrorism insurance Terrorism Risk Insurance Act (TRIA) Terrorism Risk Insurance Extension Act (TRIEA) Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) tertiary beneficiary testing coverage test modifier that particular part theft, disappearance, and destruction of money and securities coverage form C thermal pollution third party third-party administrator (TPA) third-party claims third-party liability coverage third-party lien third-party-over action third-party risk threshold threshold level threshold limit value (TLV) tie-in endorsements time element insurance time element loss time series analysis time value of money timing risk Title VII of the Civil Rights Act of 1964 tolling a statute of limitations tontine tool and die floater tort tortfeasor tort threshold total disability total insurable value (TIV) total insured value provision total pollution exclusion toxic tort tradable risk trade disruption insurance trade dress trade libel trading loss coverage trailer interchange insurance tranche transfer of risk transfer pricing transit coverage transitional duties transportation expenses travel agents E&O insurance travel insurance treaty treaty reinsurance trend analysis trend factor trespasser trial court trip lease trip permit trip transit insurance triple excess coverage triple trigger theory truckers downtime insurance truckers policy truckload (TL) trust agreement trust department errors and omissions (E&O) coverage trustee trust fund twisting 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 U uberrimae fidae ultimate loss ultimate net loss ultra vires acts umbrella liability policy unaffiliated business unallocated benefit unallocated loss adjustment expenses (ULAE) unauthorized insurer unbundling unconditional settlement clause unconscious bias underground property damage underinsurance underinsured motorists (UIM) coverage underlyers underlying coverage underlying interest underlying premium underwriter underwriting underwriting agency underwriting capacity underwriting cash flow underwriting class underwriting cycle underwriting expense underwriting guidelines underwriting manager underwriting member underwriting period underwriting profit underwriting risk underwriting year experience undue hardship unearned premium (UEP) unearned premium reserve unearned reinsurance premium unfunded retention unfunded self-insurance Unified Carrier Registration Agreement (UCRA) Uniformed Services Employment and Reemployment Rights Act (USERRA) of 1994 uniform resource locator (URL) Uniform Task Based Management System (UTBMS) unilateral contract unilateral extended reporting period provision unimpaired surplus uninsured motorist (UM) coverage unit statistical card universal life insurance unplanned retention unrelated business unrelated business income tax (UBIT) unrelated risk unreported claims unseaworthiness unusual expenses upset coverage URL use and occupancy insurance U.S. Longshore and Harbor Workers Compensation Act utility service interruption coverage utilization review 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 V vacancy permit endorsement vacancy provision valuable papers and records coverage valuation valuation date value-added services value-at-risk (VAR) valued business interruption coverage valued coverage value of risk (VOR) value reporting form values vanishing premium variable annuity variable interest entity (VIE) variable life insurance vendors coverage vendors dual interest coverage vendors endorsement vendors single interest coverage venturi scrubbers venue verbal threshold vermin vertical exhaustion rule vessel in navigation vesting vexatious litigant viatical settlement vicarious liability Video Privacy Protection Act (VPPA) vis major vocational rehabilitation void voidable voluntary compensation endorsement voluntary compensation maritime coverage endorsement Voluntary Employees' Beneficiary Association (VEBA) voluntary market voluntary reserve Voluntary Protection Program (VPP) Volunteer Protection Act of 1997 voyage clause 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 W WA WA 3% wage & hour claims wages, maintenance, and cure waiting period deductible waiver waiver of inventory waiver of premium waiver of recourse endorsement waiver of subrogation warehouse operators legal liability insurance warehouse to warehouse clause warehousing war exclusion WARN Act Exclusion warrant warranty war risk clause war risk insurance Warsaw Convention waste load allocation waterborne equipment exclusion water quality-based limitations water quality-based permit water quality standards weapon of mass destruction (WMD) wedding insurance weighted average cost of capital (WACC) weighted average loss forecasting welfare and pension plan bond coverage well control insurance wellness program wet methods wharfinger legal liability coverage whistleblower claim whistleblower statutes whole life insurance wholesale agent wholesale broker wholesale health insurance wholesale insurance wind or hail deductible window plan with average (WA) with average 3 percent (WA 3%) without prejudice with prejudice work hardening workers compensation workers compensation and employers liability policy workers compensation catastrophe cover Workers' Compensation Claim Law Associate (WCLA) Workers' Compensation Claim Law Specialist (WCLS) working layer workmanship exclusion workplace tort workplace violence insurance worldwide insurance program wrap-around policy wrap-around risk financing program wrap-up wrap-up exclusion endorsement writ write Write-Your-Own (WYO) Program written premium wrongful act wrongful death claim wrongful termination 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 X 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 Y Year 2000 (Y2K) exclusion Yellow Book York Antwerp Rules 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 Z zero-beta asset Z-list zone rating zone system

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IRMI Glossary of Insurance and Risk Management Terms, the Glossary is provided IRMI and clicking on a term will take you to their site.

IRMI Glossary of Insurance and Risk Management Terms, the Glossary is provided IRMI and clicking on a term will take you to their site.

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