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

absolute pollution exclusion

accidental death

accidental death and dismemberment (AD&D)

accidental means

accident year data

accident year experience

accommodation line

accountants professional liability insurance

account current

accounts receivable coverage

Accredited Adviser in Insurance (AAI)

accumulation period

acquisition costs

action versus the insurer provision

active retention

activity standards

actual cash value (ACV)

actuarial report

additional expense coverage

additional insured

additional insured endorsement

additional living expense (ALE) coverage

additional medical

additional named insured

add-on control device

"add-on" no-fault laws

adhesive contract

adjustable feature

adjusted earnings

adjusted net worth

administrative law

administrative order

administrative order on consent

administrative services only (ASO)

admitted assets

admitted/authorized reinsurance

admitted company

admitted insurer

admitted reinsurer

advanced wastewater treatment

advance loss of profit (ALOP) insurance

advancement of defense costs provision

adverse selection

advertising injury

advisory endorsement

aerobic treatment

affiliated companies

affiliated risk

affirmative defense

aftermarket parts

Age Discrimination in Employment Act (ADEA) of 1967

agency agreement

agent of record

agent's errors and omissions

agent's license

aggregate deductible

aggregate excess insurance

aggregate excess of loss reinsurance

aggregate limit of liability

aggregate limits reinstatement

aggregate stop-loss reinsurance

agreed amount clause

agreed value coverage option or provision

agreement not to rely on governmental immunity

airborne particulates

air quality control region

air quality standards

aleatory contract

alienated premises

allied healthcare professional liability insurance

allocated expenses

allocated loss adjustment expenses (ALAE)

allocated loss expense

all risks coverage

all risks, difference-in-conditions (builders risk)

all risks, ground and flight

all risks, not in motion

alternate employer endorsement

alternative dispute resolution (ADR)

alternative dispute resolution provision

alternative market

alternative 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)

analytic risk modeling method

animal mortality insurance

anniversary date

anniversary rating date

annual aggregate deductible

annual statement

annuity certain

anti-concurrent cause (ACC) provision

anti-indemnity statute

anti-stacking provisions

anti-theft device

antitrust liability

apparent agency

application of retention

appraisal clause

appraisers errors and omissions

arbitration clause

architects and engineers (A&E) liability coverage

asbestos abatement

asbestos containing material (ACM)

asbestos program manager

assessment company (society or insurer)

asset allocation

asset share value

assigned risk plan

Associated General Contractors of America (AGC)

Associate in Automation Management (AAM)

Associate in Claims (AIC)

Associate in Fidelity and Surety Bonding (AFSB)

Associate in Information Technology (AIT)

Associate in Insurance Accounting and Finance (AIAF)

Associate in Insurance Services (AIS)

Associate in Loss Control Management (ALCM)

Associate in Management (AIM)

Associate in Marine Insurance Management (AMIM)

Associate in Personal Insurance (API)

Associate in Premium Auditing (APA)

Associate in Reinsurance (ARe)

Associate in Research and Planning (ARP)

Associate in Risk Management (ARM)

Associate in Surplus Lines Insurance (ASLI)

Associate in Underwriting (AU)

Associateship of the Chartered Insurance Institute (ACII)

association captive

association group

Association of Trial Lawyers of America (ATLA)

association professional liability insurance

assumed liability

assumed premiums

assumed reinsurance

assumption endorsement

assumption of liability agreement

assumption of liability endorsement (ALE)

assumption of risk

assumption of risk doctrine

attachment basis

attachment point

attorney/client communication

attorney work product

attractive nuisance doctrine

authorized non-admitted reinsurer

auto coverage symbols

auto loan/lease gap coverage

automatic additional insured endorsement

automatic increase in insurance provision

automatic insureds

automatic premium loan

automatic treaty

automobile liability excess indemnity

automobile liability insurance

automobile physical damage insurance

average severity

average weekly wage (AWW)

aviation accident insurance

aviation hazard

awareness provisions

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

B

back-dated liability insurance

back-to-back deductible

bailee coverage

balance billing

bankers professional liability (BPL) insurance

bankruptcy condition

bareboat charter

Basel Committee on Banking Supervision

basic causes of loss form (ISO)

basic extended reporting period (BERP)

basic premium factor

basket aggregate

basket deductible

basket retention

below-target-risk (BTR)

bench-scale tests

benefits payable exclusion

best available control measures (BACM)

best demonstrated available technology (BDAT)

Best’s Capital Adequacy Ratio (BCAR)

betterment clause

bilateral extended reporting period provision

bingo card program

biological magnification

biomechanical analysis

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 medical expense

blanket position bond

blended finite risk

blowout and cratering

blowout prevention warranty

boards and bureaus

boatowners policy

bobtail liability

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

borderline risk

Bornhuetter-Ferguson technique

borrowed servant rule

boutique law firm

branch profits tax

brand rehabilitation

brands and labels endorsement

breach of contract

breach of warranty clause

British business interruption coverage

broadcasters liability

broad causes of loss form (ISO)

broad evidence rule

broad form comprehensive general liability (BFCGL) endorsement

broad form contractual liability insurance

broad form drive other car coverage

broad form hold harmless clause

broad form named insured endorsement

broad form pollution exclusion

broad form property damage (BFPD)

brokerage department

brokerage market

brother-sister relationship

Brownian motion

builders risk policy

building and personal property coverage form (ISO)

building codes effectiveness grading schedule (BCEGS)

building ordinance coverage

burden of proof

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

businessowners policy (BOP)

business use class

buyback deductible

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

Cable Communications Policy Act (CPPA)

calendar year experience

cancel and rewrite

candidate analysis

capital adequacy

capital allocation

Capital Asset Pricing Model (CAPM)

capital at risk

capital attribution

capital markets

capital stock company

capital structure

captain of the ship doctrine

captive facility

Captive Insurance Companies Association (CICA)

captive management company

captive value added (CVA)

care, custody, or control (CCC)

cargo insurance

Carmack Amendment

Carriage of Goods by Sea Act (COGSA)

carryover provision

case management

case reserves cash flow plans

cash balance pension plans

cash flow program

cash flow return on investments (CFROI)

cash flow underwriting

cash refund annuity

cash surrender value

casualty insurance

catastrophe bond

catastrophe equity put

catastrophe plan

catastrophe policy

catastrophe reinsurance

catastrophe reserves

catastrophic loss

causes of loss forms (ISO)

ceding commission

central collection point

central tendency

certificate holder

certificate of compliance

certificate of insurance

certificate of reinsurance

certified act of terrorism

Certified Risk Manager (CRM)

cession statement

chaplain or priest malpractice

Chartered Insurance Institute (CII)

Chartered Life Underwriter (CLU)

Chartered Property Casualty Underwriter (CPCU)

charterers legal liability coverage

chemical, biological, radiological, nuclear (CBRN) weapon

chief risk officer (CRO)

Children's Online Privacy Protection Act (COPPA)

Choice no-fault

chronic toxicity

chronological stabilization plans

Civil Rights Act of 1991

claims adjuster

claims administrator

claims-made and reported policy

claims-made and reported provision

claims-made multiplier

claims-made reinsurance

claims-paid policy

Class Action Fairness Act of 2005

Class 1 insureds