Glossary

Relief well coverage insures for the cost of drilling a new well for the purpose of releasing underground pressure to assist in bringing a wild oil or gas well under control.

Remedial action refers to the actual construction or implementation phase of a Superfund site cleanup that follows remedial design.

Remedial design is a phase of remedial action that follows the remedial investigation/feasibility study and includes development of engineering drawings and specifications for a site cleanup.

A remedial investigation is an in-depth study designed to gather data needed to determine the nature and extent of contamination at a Superfund site, establish site cleanup criteria, identify preliminary alternatives for remedial action, and support technical and cost analyses of alternatives.

A remedial project manager refers to the Environmental Protection Agency (EPA) or state official responsible for overseeing on-site remedial action.

Remedial response is a long-term action that stops or substantially reduces a release or threat of a release of hazardous substances that is serious but not an immediate threat to public health.

Remediation is the term for cleanup or other methods used to remove or contain a toxic spill or hazardous materials.

A remediation cost cap policy is one of the simplest means of transferring the risk associated with a known environmental remediation issue.

A remote cause in first-party property cases is a peril that takes place before the proximate cause—for example, in sequence of events type situations where one peril is followed by—but does not cause—a second peril that was unforeseeable at the time the policy was issued.

Renewable and convertible (R&C) term life insurance refers to a form of term life insurance that is usually issued for a period of 1 or 5 years that can be renewed for additional terms or can be converted to a permanent or cash value policy.