Glossary

A deemer period concerns rate and form approval laws in states that regulate rates and forms via the "file and use" system.

Deep linking is the term used when linking from one website to a specific page on another website without permission in a manner that interferes with or diminishes the intellectual property rights or advertising revenue of the owner of the site to which it is linking.

Defamation is any written or oral communication about a person or thing that is both untrue and unfavorable.

A default is a failure to perform a legal or contractual duty. More specifically, a default is the omission or failure to fulfill a duty, observe a promise, discharge an obligation, or perform an agreement.

Default insurance is an alternative method of financing the risk of contractor default (versus performance bonds.) Used primarily by general contractors to manage the risk of subcontractor default, default insurance is first-party insurance that compensates the insured in the event a covered subcontractor fails to fulfill its contractual obligations.

The degree of risk inherent in a bond to which bondholders are subject.

A defendant is the party against whom a civil or criminal lawsuit has been brought.

Defense-only coverage is liability insurance covering defense costs but not settlements or indemnity payments.

The Defense Base Act is legislation that extends the Longshore and Harbor Workers' Compensation Act (LHWCA) to apply to certain categories of employees working overseas.

A defense clause is an insurance provision stating that the insurance company agrees to defend, with respect to insurance afforded by the policy, all suits against the insured.