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uberrimae fidae
ultimate loss
ultimate net loss
ultra vires acts
umbrella liability policy
unaffiliated business
unallocated benefit
unallocated loss adjustment expenses (ULAE)
unauthorized insurer
unbundling
unconditional settlement clause
unconscious bias
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underwriting
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underwriting year experience
undue hardship
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unearned premium reserve
unearned reinsurance premium
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Unified Carrier Registration Agreement (UCRA)
Uniformed Services Employment and Reemployment Rights Act (USERRA) of 1994
uniform resource locator (URL)
Uniform Task Based Management System (UTBMS)
unilateral contract
unilateral extended reporting period provision
unimpaired surplus
uninsured motorist (UM) coverage
unit statistical card
universal life insurance
unplanned retention
unrelated business
unrelated business income tax (UBIT)
unrelated risk
unreported claims
unseaworthiness
unusual expenses
upset coverage
URL
use and occupancy insurance
U.S. Longshore and Harbor Workers Compensation Act
utility service interruption coverage
utilization review
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unaffiliated business

Also known as unrelated or open market risk. Insurance of noncontrolled entities, i.e., insureds not in the same corporate organization (less than 50 percent ownership) or not under common management control.
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