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Insurance Glossary

All-Risk Also known as open peril, this type of policy covers a broad range of losses. The policy covers risks not explicitly excluded in the policy contract. What is All-Risk, What does mean All-Risk, Insurance Guide, Insurance Glossary

Related All-Risk Articles

Flood Insurance Glossary

Flood coverage protecting the insured against loss or damage to real or personal property from flood. (Note: If coverage for flood is offered as an additional p... more
Premiums Written Insurance Glossary

Premiums Written total premiums generated from all policies (contracts) written by an insurer within a given period of time. What is Premiums Written , What d... more
Fire Legal Liability Insurance Glossary

Fire Legal Liability coverage for property loss liability as the result of separate negligent acts and/or omissions of the insured that allows a spreading fire... more
Coordination of Benefits (COB) Insurance Glossary

Coordination of Benefits (COB) provision to eliminate over insurance and establish a prompt and orderly claims payment system when a person is covered by more t... more
Concurrent Causation Insurance Glossary

Concurrent Causation property loss incurred from two or more perils in which only one loss is covered but both are paid by the insurer due to simultaneous incid... more
Commercial Mortgage Insurance Glossary

Commercial Mortgage Backed Securities a type of mortgage backed security that is secured by the loan on a commercial property. What is Commercial Mortgage, Wh... more
Occurrence Insurance Glossary

Occurrence an accident , including injurious exposure to conditions, which results, during the policy period in bodily injury or property damage neither expecte... more
Nationally Recognized Statistical Rating Organization (NRSRO) Insurance Glossary

Nationally Recognized Statistical Rating Organization (NRSRO) refers to rating organizations so designated by the SEC whose status has been confirmed by the Sec... more
Lloyd's of London Insurance Glossary

Lloyd's of London association offering membership in various syndicates of wealthy individuals organized for the purpose of writing insurance for a particular h... more
Medigap supplementary private health insurance Insurance Glossary

Medigap supplementary private health insurance products to Medicare insurance benefits. What is Medigap supplementary private health insurance, What does mean... more
Directors & Officers Liability Insurance Glossary

Directors... more
Premiums Net Insurance Glossary

Premiums Net is the amount calculated on the basis of the interest and mortality table used to calculate the reporting entity's statutory policy reserves. Wha... more
Pet Insurance Plans Insurance Glossary

Pet Insurance Plans veterinary care plan insurance policy providing care for a pet animal (e.g., dog or cat) of the insured owner in the event of its illness or... more
Par Value Insurance Glossary

Par Value the nominal or face value of a stock or bond. What is Par Value , What does mean Par Value , Insurance Guide, Insurance Glossary
Negligence Insurance Glossary

Negligence failure to exercise reasonable consideration resulting in loss or damage to oneself or others. What is Negligence , What does mean Negligence , Ins... more
Deferred Annuity Insurance Glossary

Deferred Annuity annuity payment to be made as a single payment or a series of installments to begin at some future date, such as in a specified number of years... more
Expense Ratio Insurance Glossary

Expense Ratio percentage of premium income used to attain and service policies. Derived by subtracting related expenses from incurred losses and dividing by wri... more
Medicare Part D Insurance Glossary

Medicare Part D Stand Alone stand alone Part D coverage written through individual contracts; stand alone Part D coverage written through group contracts and ce... more
Comprehensive General Liability (CGL) Insurance Glossary

Comprehensive General Liability (CGL) coverage of all business liabilities unless specifically excluded in the policy contract. What is Comprehensive General... more
Residual Market Plan Insurance Glossary

Residual Market Plan method devised for coverage of greater than average risk individuals who cannot obtain insurance through normal market channels. What is... more
Credit Disability Insurance Glossary

Credit Disability makes monthly loan/credit transaction payments to the creditor upon the disablement of an insured debtor. What is Credit Disability , What d... more

1	Insurer an insurer or reinsurer
2	Credit Risk
3	Subrogation Clause
4	Mutual Insurance Company
5	State Children's Health Insurance Program
6	Pure Premium
7	Disability Income - Long-Term
8	Municipal Liability
9	Underlying Interest
10	Errors and Omissions Liability \| Professional Liability other than Medical
11	Margin Premium

1	Annual Statement
2	BCEGS - Building Code Effectiveness Grading Schedule
3	Commencement Date
4	Employers Liability
5	Assigned Risk
6	Life Endowment
7	Municipal Bond Guarantee Insurance
8	Investment Income Accrued
9	Minimum Premium Plan
10	Collateralized Bond Obligations (CBOs)
11	Insurance Regulatory Information System (IRIS)
12	Alien Company
13	Individual Annuities
14	Tenants
15	Net Premiums Earned