Insurance and Risk Management
Terms
A
B
C
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)
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
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
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
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
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
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
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
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 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
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)
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
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 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
