Glossary

Membership accounting refers to financial modeling for each participant in a group captive, showing past history, status of the individual account, and liquidation value (i.e., what each would get if the captive were to be liquidated).

Members of Lloyd's of London are investors in the market that provide the capital to underwrite insurance.

Mental-mental injuries are psychiatric injuries that arise from purely psychiatric causes, such as stress, anxiety, and fear.

Mental impairment is, in the context of the Americans with Disabilities Act (ADA) of 1990, any mental or psychological disorder, such as mental retardation, organic brain syndrome, emotional or mental illness, and specific learning disabilities, that substantially limits one or more major life functions.

A menu-driven policy typically contains a "common terms and conditions" coverage part and separate, risk-specific coverage parts that can be purchased or not, depending on what coverage the insured wants to buy.

Mercantile open stock is an obsolete crime coverage form.

Mercantile robbery is an obsolete crime coverage form.

Mercantile safe burglary is an obsolete crime coverage form.

Meredith principles are concepts that anchor the workers compensation systems of the 10 provinces and 3 territories of Canada.

Merger and acquisition litigation refers to a type of claim frequently made against the directors and officers of companies involved in merger activity.