Glossary

Hybrid refers to a type of risk financing plan that makes use of both internal and external funds to pay losses.

A hybrid captive is the combination of a standard group captive and structured reinsurance.

Hybrid plans are risk financing techniques that are a combination of retention and transfer.

Hydraulic fracturing is the process in which fractures in hard-to-reach shale rock formations below the earth's surface are opened and widened by injecting water, chemicals, and sand under high pressure to extract natural gas and oil trapped in the shale rocks.

Hydrocarbons are a class of organic compounds composed only of carbon and hydrogen.

An ice dam is an accumulation of frozen water in the gutter system and at the roof edge that prevents subsequent drainage of melting snow from leaving the roof/gutter system.

Identity theft coverage applies to losses incurred by an individual from an imposter obtaining key pieces of personal information, such as Social Security or driver's license numbers, that allow the imposter to impersonate the insured.

An idiopathic injury is one that arises spontaneously and has no identifiable cause.

Immediately dangerous to life and health refers to the maximum level to which a healthy individual can be exposed to a chemical for 30 minutes and escape without suffering irreversible health effects or impairing symptoms.

Immediate annuity is an annuity purchased with a single premium under which payment to the annuitant begins at the end of the first prescribed payment period.