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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
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LD50-lethal dose
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legal liability coverage form (ISO)
Legal Principles Claim Specialist (LPCS)
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lenders loss payable endorsement
lessee
lessees of safe deposit boxes coverage form I
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less than truckload (LTL)
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leverage
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liability for guests' property, premises coverage form L
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Liability Risk Retention Act of 1996
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liberalization clause
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Life Office Management Association (LOMA)
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Lilly Ledbetter Fair Pay Act of 2009
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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
Lloyd's syndicate
Lloyd's underwriter
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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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loss assessment
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loss development
loss development factor (LDF)
losses incurred
losses in excess of policy limits
loss forecasting
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loss limitation
loss loading (multiplier)
loss mitigation underwriting (LMU)
loss of consortium suits
loss of income coverage
loss payable clause
loss payee
loss payout curve
loss pick
loss portfolio agreements
loss portfolio transfer (LPT)
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loss rating
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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loss reserve

An estimate of the value of a claim or group of claims not yet paid. A case reserve is an estimate of the amount for which a particular claim will ultimately be settled or adjudicated. Insurers will also set reserves for their entire books of business to estimate their future liabilities.

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