Glossary

Assurer is a British term meaning an insurer or underwriter, depending on context.

"As their interests may appear" (ATIMA) is a phrase added to insurance policies and endorsements to add others as insureds.

Attachment basis is a provision in reinsurance agreements that determines whether and in what manner a reinsurance agreement covers a specific loss.

The attachment point is the point at which excess insurance or reinsurance limits apply.

Attained age is the age of an insured on a given date.

An attorney-client communication is an oral or written communication between an attorney and a client that is intended to remain confidential.

Attorney work product is written or oral materials prepared by or at the direction of an attorney pursuant to the attorney/client relationship or in furtherance of pending or contemplated litigation.

The attractive nuisance doctrine is a notable exception in the law relating to trespassers that imposes a special duty of care on a person maintaining an artificial condition on land that attracts children (e.g., a swimming pool or playground).

An auction rate security (ARS) is type of long-term bond issued by a corporation or a municipality.

An audit is a survey of the financial records of a person or organization conducted annually (in most cases) to determine exposures, limits, premiums, etc.