Glossary
A
  

Absolute Liability

  

Actuary

  

Additional Insured

  

All-Risk Policies

  

Assignment


B
  

Broker

  

Broker of Record


C
  

Cancelable

  

Cancellation

  

Cancellation Clause

  

Capacity

  

Certificate of Insurance

  

Claim

  

Claims Made Policy

  

Clause

  

Commercial General Liability Policy (CGL)

  

Compulsory Insurance

  

Conditions

  

Consequential Loss

  

Contract

  

Contractual Liability Insurance

  

Contributory Negligence


D
  

Declination

  

Deductible

  

Deposit Premium

  

Directors' and Officers' Liability Insurance


E
  

Endorsement

  

Endorsements

  

Errors and Omissions Insurance

  

Errors and Omissions Insurance

  

Exclusions

  

Extended Reporting Period


F
  

Facultative Reinsurance

  

Fidelity Bond

  

First Party Insurance


G
  

Gross Negligence


I
  

Indemnification

  

Insolvent

  

Insurability

  

Insurable Risk

  

Insurance

  

Insurance Commissioner

  

Insurance Company

  

Insured

  

Insurer

  

Insuring Agreement

  

Insuring Clause


L
  

Liability

  

Liability Limits

  

Loss

  

Loss Control

  

Loss Prevention

  

Loss Ratio

  

Loss Reserve


M
  

Malpractice

  

Malpractice Insurance

  

Misrepresentation

  

Moral Hazard


N
  

Named Perils

  

Negligence

  

Noncancellable

  

Nonrenewal

  

Notice of Cancellation


O
  

Occurrence

  

Occurrence Coverage


P
  

Policy Term

  

Policyholder

  

Premium

  

Primary Insurance

  

Product Liability

  

Product Liability Insurance

  

Proximate Cause

  

Punitive Damages

  

Pure Risk


R
  

Rate

  

Reinstatement

  

Reinsurance

  

Renewal

  

Representation

  

Rescission

  

Reserve

  

Retention

  

Retrospective Date

  

Risk


S
  

Schedule

  

Self-Insurance

  

Settlement

  

Subrogation

  

Surety Bond

  

Syndicate


T
  

Term


U
  

Underwriter

  

Underwriting


W
  

Waiver


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