Glossary

Aviation hazard is a concept sometimes included in life insurance policies that involves the peril of death or disability arising from aviation operations other than commercial aircraft.

Avoidance is a risk management tactic whereby risk of loss is prevented in its entirety by not engaging in activities that present the risk.

"A" rates refer to premiums charged for insurance that do not have loss experience statistics as a foundation for their development. The underwriter develops these rates subjectively, on an individual risk basis, according to what the underwriter believes is an equitable rate commensurate with risk involved.