Glossary

Contribution by limits is a method of apportioning loss among multiple insurers.

Contributory negligence is the negligence of a plaintiff constituting a partial cause or aggravation of their injury.

A controlled foreign corporation is an offshore captive whose US shareholders own more than 25 percent (50 percent for European companies) of voting control.

A controlled insurance program (CIP) is where one party procures insurance on behalf of all (or most) parties performing work on a construction project or on a specific site.

A controlled master insurance program is a multinational insurance program wherein the coverage terms and conditions apply on a blanket basis to all of the insured's international operations.

Controlled unrelated business refers to risks that are not owned by the captive shareholder but, because of an existing business affiliation—for example, a franchise or joint venture relationship—the owner of the captive exercises risk management control over the risk.

Controlling is a function of the risk management process that involves monitoring to verify that actual performance matches the plans and taking corrective actions if needed.

The Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM) of 2003 is a federal law regulating the use of unsolicited emails for marketing purposes and providing causes of action against violators.

Control Technique Guidelines are a series of Environmental Protection Agency (EPA) documents designed to assist states in defining reasonable available control technology (RACT) for major sources of volatile organic compounds (VOCs).

Subrogation rights that have been modified between two parties by the terms of a contract entered into by them are conventional subrogation.