Glossary

An SR-22 is also called a "financial responsibility filing." It is a form that many states require a high-risk driver to file to prove that they have auto insurance.

A stabilization reserve is a type of reserve set by captives to build up a fund for a bad year.

Stacking is the application of two or more policies' limits to a single occurrence or claim.

A staff model health maintenance organization provides medical care to subscribers on an exclusive basis in a centralized medical operation.

The grant of staff privileges entitles a physician to admit patients to a given hospital or allied healthcare facility (such as an outpatient surgical center) and perform certain treatments there (usually surgery).

Stair stepping is the practice of frequently raising claim reserves to cover payments that come due.

Stamp duty is a form of premium tax in overseas insurance.

A stand-alone excess policy is one that provides excess coverage according to its own terms and conditions.

Stand-alone terrorism coverage is a separate, specialty insurance policy that covers loss due to terrorism.

Standard deviation is a statistical term for measuring the expected degree of dispersion or variability among numbers in a group.