Glossary
The Securities Exchange Act of 1934 and its accompanying rules were enacted to protect investors in connection with the trading of securities already issued and outstanding.
Read MoreA securities insuring agreement is a provision of the SAA Financial Institution Bond No. 24 that provides coverage to banks and other financial institutions for loss resulting from certain types of forgeries and counterfeit securities.
Read MoreA securities valuation reserve is a reserve required of life insurers to reduce the risks associated with market declines in the values of investments.
Read MoreSecuritization refers to the process whereby periodic cash flows from a given source are pooled, packaged, and sold to investors, usually in the form of bonds.
Read MoreSecuritization of risk is the practice of converting known potential risk scenarios, such as the potential for a hurricane, into a marketable security.
Read MoreThe security holder exclusion is an exclusion in directors and officers liability policy forms for claims brought by stockholders of the organization with the assistance, or on the urging, of any director or officer.
Read MoreSecurity requirements are the obligation to provide acceptable financial resources to cover self-insurance or reinsurance liabilities.
Read MoreSeedsmen's errors and omissions liability insurance is a coverage purchased by seed dealers, growers, wholesalers, and others who grow, sell, or distribute seed.
Read MoreA segregated cell captive is a special purpose insurer (typically operating as a rental captive) that establishes legally segregated cells or underwriting accounts.
Read MoreSegregation is a risk control technique involving the separation of loss exposure units so that a loss in one unit is unlikely to occur at the same time as a loss in another unit.
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