Glossary

In commercial automobile insurance, size class describes the type and weight of the automobile—that is, gross vehicle weight for trucks, gross combined weight for trucks-tractors, and load capacity for trailers.

Skilled nursing care refers to a high level of care including services that can only be performed safely and correctly by a licensed nurse (either a registered nurse or a licensed practical nurse) or therapist (such as physical, speech, or occupational).

Slabbed is a term arising out of Hurricane Katrina claims. It means near complete destruction of a structure and elimination of the remains from its location.

Slander is the oral statement of untrue, defamatory remarks that lower a person's esteem in their community that gives rise to a legal cause of action against the speaker.

Sleep insurance refers to those types of catastrophe insurance coverages that allow management to sleep at night.

A sliding scale commission is a ceding commission that varies inversely with the loss ratio under the reinsurance agreement.

Sliding scale dividend is a rating plan used with workers compensation insurance under which the amount of the dividend is a function of the insured's loss experience.

Slip is the term for the piece of paper containing all the pertinent information regarding the risk and the insurance terms and conditions that the broker submits to the underwriter at Lloyd's of London.

A small deductible plan is a cash flow workers compensation insurance option that allows the insured to retain a portion of each loss through a small deductible and to transfer onto an insurer losses in excess of that deductible.

A small quantity generator is an enterprise that produces 220–2,200 pounds per month of hazardous waste; such operations are required to keep more records than conditionally exempt generators.