Glossary

Under a general liability policy, completed operations (C/O) refers to work of the insured that has been completed as called for in a contract or work completed at a single jobsite under a contract involving multiple jobsites or work that has been put to its intended use.

Complete retention is a risk financing tactic in which the organization assumes the entire risk of loss, rather than transferring that risk to another entity, such as an insurer.

The Compliance and Ethics Forum for Life Insurers (CEFLI) is a nonprofit organization formed in 2011 and headquartered in Bethesda, Maryland, that provides a forum to serve the needs of the life insurance industry's compliance and ethics professionals.

Compliance, Safety, Accountability (CSA) score was an initiative rolled out in December 2010 by the Federal Motor Carrier Safety Administration (FMCSA) to improve large truck safety by reducing crashes, injuries, and fatalities on the road.

Composite rating is a method of rating insurance premiums on a singular rate developed to apply to all coverages according to a selected exposure basis.

A compound inflation rider is a long-term care (LTC) insurance policy rider that increases the benefits provided by a rate compounded every year.

Comprehensive 3-D policy is a term that was used in a discontinued Insurance Services Office, Inc. (ISO), commercial crime insurance program.

Comprehensive auto coverage under an automobile physical damage policy insures against loss or damage resulting from any cause, except those specifically precluded.

Comprehensive boiler and machinery (BM) coverage is coverage that applies to all insurable objects (types of equipment).

The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) of 1980 is a federal act establishing a system for the cleanup of facilities where hazardous wastes are or have been disposed of, treated, or stored.