Glossary

The Associate in Reinsurance (ARe) is a professional designation awarded by The Institutes upon successful completion of four national exams, two of which are designed specifically for this program and two of which are Chartered Property Casualty Underwriter (CPCU) courses. The program leading to this designation was developed with the support of the Reinsurance Section of the CPCU Society and with technical and financial assistance from the Brokers & Reinsurance Markets Association. Program completers will gain an in-depth understanding of the reinsurance business as well as a familiarity with primary insurance company exposures, coverages, and operations.

Associate in Research and Planning (ARP) is a professional designation awarded by The Institutes upon successful completion of six national exams, two of which are designed specifically for this program and four of which are Chartered Property Casualty Underwriter (CPCU) exams. Developed in cooperation with the Society of Insurance Research (SIR), the program leading to this designation is designed for insurance company personnel working in the areas of research, planning, and related decision support functions.

Associate in Risk Management (ARM) is a designation conferred upon individuals who successfully complete three written comprehensive examinations covering all aspects of risk management. They are administered by The Institutes out of Malvern, Pennsylvania.

Associate in Surplus Lines Insurance (ASLI) is a professional designation awarded by The Institutes upon successful completion of two national exams. This program is intended for individuals who sell or provide surplus lines insurance or who have business dealings with surplus lines insurers or brokers.

The Associate in Underwriting (AU) is a professional designation awarded by The Institutes upon successful completion of four national exams, two of which are specifically designed for this program and two of which are Chartered Property Casualty Underwriter (CPCU) courses. The program leading to this designation is designed for agency and company underwriters, field representatives, and account managers; it assumes a working knowledge of insurance principles and coverages.

Associational discrimination is workplace discrimination based on an employee's "association" with another individual who comes within a protected classification (e.g., sex, race, religion) or who has engaged in protected activity (e.g., whistle blowing). In Holcomb v. Iona Coll., 521 F.2d 130 (2d Cir. 2008), a white former assistant basketball coach alleged that he was terminated because his spouse was African-American. The US Court of Appeals in New York agreed that this allegation was sufficient to state a claim of "associational" discrimination under Title VII of the Civil Rights Act of 1964. The court stated: "Where an employee is subjected to adverse action because an employer disapproves of interracial association, the employee suffers discrimination because of the employee's own race."

An association captive is a captive insurance company that has as its primary purpose the insurance of the risks of the members of an association that either sponsors or owns the captive.

Association group is group insurance issued covering the members of an association or health insurance issued to those members on a franchise basis.

Association professional liability insurance (APLI) protects nonprofit organizations from claims alleging management negligence, rather than those involving bodily injury (BI) or property damage (PD). APLI is synonymous with nonprofit directors and officers (D&O) insurance. The forms are similar to, although broader than, those covering the directors and officers of for-profit companies. Unlike the latter, association professional liability policies also cover employment practices liability (EPL) claims, the nonprofit entity, and persons in addition to directors and officers (e.g., employees, volunteers, committee members).

To assume is to reinsure all or part of another insurer's risk. It is also a risk management technique involving the retention of risk (e.g., self-insurance).