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Glossary


Accidental death results directly and solely from (1) an accidental injury visible on the body or disclosed by an autopsy; (2) a disease or infection resulting directly from an accidental injury as described, beginning within 30 days after the date of the injury; or (3) an accidental drowning.

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Accidental death and dismemberment (AD&D) is a type of coverage often written in conjunction with group life insurance plans.

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The accidental death benefit (ADB) is a supplementary life insurance policy provision that pays an additional death benefit if the insured is killed in an accident.

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Accidental death insurance refers to a life insurance policy that pays its benefit when the insured dies in an accident.

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Accidental means is a condition precedent to recovery under some insurance policies requiring that the covered loss be the result of an accident rather than merely the accidental result of a nonaccidental event.

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Accident and health insurance refers to a class or type of insurance that pays benefits for losses caused by disease, accidental injury, accidental death, and related health expenses.

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Accident year data refers to a method of arranging loss and exposure data of an insurer or group of insurers or within a book of business, so that all losses associated with accidents occurring within a given calendar year and all premium earned during that same calendar year are compared.

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The accident year experience or accident year is any 12-month period for which losses from incidents taking place during that 12-month period are tracked.

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An accommodation line is a line of coverage an insurer accepts from an agent, broker, or the insured that would ordinarily be declined if considered strictly on the merits of the individual risk.

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An accountable care organization (ACO) is one created by the Patient Protection and Affordable Care Act (PPACA).

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