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labor contractor
Lamb-Weston rule
lapse
lapse ratio
large deductible plan
large line capacity
laser exclusion
last injurious exposure
latent defect
lateral hire
laundry listing
law clerk
law enforcement officers liability
law of large numbers
lawyers professional liability coverage
layering
lay-up
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LC5-lethal concentration
LD50-lethal dose
leading
lead reinsurer
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lean construction
leasehold interest
legal action against insurer
legal liability coverage form (ISO)
Legal Principles Claim Specialist (LPCS)
legal risk
lender liability
lenders liability coverage
lenders loss payable endorsement
lessee
lessees of safe deposit boxes coverage form I
lessor
less than truckload (LTL)
letter of credit (LOC)
leverage
liability
liability for guests' property, premises coverage form L
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liability insurance
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Liability Risk Retention Act of 1996
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liberalization clause
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license and permit bond
licensed insurer/reinsurer
lien
life expectancy
life insurance trust
Life Office Management Association (LOMA)
Life Underwriter Training Council (LUTC)
Lilly Ledbetter Fair Pay Act of 2009
limit
limitation of liability clause
limitation of risk
limited liability company (LLC)
limited losses
limited Mexico coverage endorsement
limited severability provision
limit of insurance
limit of liability
"limits reduction" provision
limits under multiple policy (LUMP) years
line
line of business
line sheet
line slip
liquidated damages
liquidity
liquidity ratio
liquidity risk
liquor law liability (dramshop)
litigation
litigation management
little Miller Acts
livestock collision
livestock coverage form
livestock mortality insurance
Lloyd's broker
Lloyd's central fund
Lloyd's managing agent
Lloyd's members' agent
Lloyd's of London
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loan participation coverage
locality standard
London form (BFPD)
Longshore and Harbor Workers' Compensation Act (LHWCA) of 1927
long tail liability
long-term disability (LTD) income insurance
long-term insurance
loss
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losses incurred
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loss of consortium suits
loss of income coverage
loss payable clause
loss payee
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loss pick
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loss ratio
loss ratio coverage
loss reduction
loss report
loss reserve
loss reserve stability
loss sensitive plans
loss trending
loss triangle
lost policy release
lowest achievable emission rate
low speed vehicle (LSV)
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Lamb-Weston rule

A rule for apportioning coverage among multiple applicable policies that imposes pro rata sharing of covered losses, regardless of the policies' "other insurance" provisions. Lamb-Weston, Inc. v. Oregon Auto. Ins. Co., 219 Or. 110, 341 P.2d 110 (Or. S. Ct. 1959).
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