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Collapse Glossary of Insurance & Risk Management TermsGlossary of Insurance & Risk Management Terms
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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
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adverse selection

An imbalance in an exposure group created when persons who perceive a high probability of loss for themselves seek to buy insurance to a much greater degree than those who perceive a low probability of loss.
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