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Collapse Glossary of Insurance & Risk Management TermsGlossary of Insurance & Risk Management Terms
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Collapse FF
face amount
facility emergency coordinator
factory firms
facultative
facultative automatic
facultative obligatory treaty
failure to collect contributions exclusion
failure to fund in accordance with ERISA exclusion
failure to insure exclusion
Fair Credit Reporting Act (FCRA)
FAIR (Fair Access to Insurance Requirements) Plans
Fair Labor Standards Act (FLSA) of 1938
fair rental value (FRV) coverage
faithful performance coverage
false pretense, trick, and device
Family and Medical Leave Act (FMLA) of 1993
farmowners insurance
FAS
FAS 5
FAS 113
FAS 115
FASB
FCE
FCMH&SA
FC&S warranty
feasibility study
Federal Coal Mine Health Safety Act (FCMH&SA)
Federal Employers Liability Act (FELA)
federal excise tax (FET)
Federal Highway Administration (FHWA)
Federal Insurance Contribution Act (FICA)
Federal Motor Carrier Safety Administration (FMCSA)
Federal Motor Carrier Safety Regulations (FMCSR)
Federal Savings and Loan Insurance Corporation (FSLIC)
fee-for-service
fees
fee schedule
FELA
fellow employee coverage
fellow employee exclusion
fellow employee suits coverage
Fellow in Risk Management (FRM)
Fellowship of the Chartered Insurance Institute (FCII)
FET
FICA
fidelity bond
fiduciary
fiduciary bond
fiduciary liability
fiduciary liability endorsement
fiduciary liability 'follow-on' claims
field service advice (FSA)
filed forms
financed insurance
Financial Accounting Standards Board (FASB)
Financial Anti-Terrorism Act (FATA or PATRIOT Act)
financial capacity
financial disclosure claims
financial guarantee insurance
financial institution bond
financial modeling
financial quota share
financial reinsurance
financial responsibility
financial responsibility law
financial restatement
financial restatement exclusion
financial risk management
financial statement
financial transformation (FT)
fine arts coverage
finite risk insurance
fire brigade
fire department service charge coverage
fire legal liability coverage
fire-resistive construction
firewall
fire wall
FIRMette
'first bite'
first class mail coverage
first dollar coverage
first dollar defense coverage
first dollar defense, umbrella
first named insured
first-party insurance
first surplus reinsurance treaty
fixed-cost insurance
flat
flat cancellation
flat commission
flat dividend
flat rate
fleet
fleet automatic, auto
fleet of companies
fleet policy
floater policy
flood coverage
flood exclusion
flood insurance rate map (FIRM)
floor
FOB
FOB destination
follow form
follow form professional liability endorsement
following reinsurer
following the fortunes
forced placed
force majeure
force majeure insurance
foreign commerce
foreign currency controls
foreign insurer
foreign liability coverage
foreign title equivalent coverage provision
forgery or alteration coverage
'for-hire' motor carrier
form
fortuitous event
forum shopping
forward
forward contract
'four-corners' test
FPA
FPAAC
FPAEC
fractional premium
frame construction
franchise deductible
franchise insurance
fraud
free alongside (FAS)
free of capture and seizure (FC&S) warranty
free of particular average (American conditions) (FPAAC)
free of particular average (English conditions) (FPAEC)
free of particular average (FPA)
free on board (FOB)
free on board destination (FOB destination)
freight broker
freight forwarder
frequency
friable asbestos
friendly fire
FRM
front company
front pay
fronted captive
fronting
FSLIC
full coverage
full preliminary term reserve valuation
full prior acts coverage
full-timers coverage
fully insured status
fully paid policy
functional capacity evaluation (FCE)
functional job description
functional replacement cost
functional replacement cost provision or endorsement
fundamental risk
fund control agreement
funded
funded covers
funded pension plan
funded retention
funded self-insurance
fund states coverage
funds withheld
furriers block policy
furriers customers insurance
future
futures contract
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facultative automatic

A form of property and casualty reinsurance that is hybrid between facultative and treaty. A bordereau of risks ceded is submitted to the reinsurer, which has limited rights to decline individual risks.
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