Glossary

Registered mail coverage covers items, including money and securities, that are lost when sent through registered mail.

A regression analysis is a statistical tool for predicting one variable (known as the dependent variable) based on its relationship with one or more other variables (known as independent variables).

Regulated asbestos-containing material (RACM) is any friable asbestos material or nonfriable asbestos-containing material (ACM) that will be or has been subjected to sanding, grinding, cutting, or abrading or has crumbled, pulverized, or reduced to powder in the course of demolition or renovation operations.

Under the Medical Waste Tracking Act of 1988, regulated medical waste is any solid waste generated in the diagnosis, treatment, or immunization of human beings or animals, in research pertaining thereto, or in the production or testing of biologicals.

Regulation 114 trust refers to Regulation 114 of the Insurance Department of the State of New York, which details standards for the use of trust funds for reinsurance.

The regulatory agency exclusion is an exclusion found in directors and officers (D&O) liability policies that precludes coverage for suits by national and state banking authorities against directors and officers.

Regulatory defense and penalties coverage refers to an insuring agreement contained within policies written to cover claims caused by data breaches.

Regulatory estoppel is a form of equitable estoppel whereby insurers are prevented from asserting an interpretation of an insurance policy provision that is contrary to the insurer's explanation of that policy provision to state insurance regulators when originally seeking approval of the policy form from the department of insurance.

Regulatory risk is the risk that a change in laws and regulation will significantly impact an institution.

The rehabilitation clause is a provision in many health and disability insurance policies that extends coverage to include vocational rehabilitation of disabled policyholders.