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Insurance and Risk Management Terms - F


face amount

facility emergency coordinator

factory firms

facultative automatic

facultative obligatory treaty

facultative reinsurance

failure to collect contributions exclusion

failure to fund in accordance with ERISA exclusion

failure to insure exclusion

Fair Access to Insurance Requirements (FAIR) plans

Fair Chance Act

Fair Credit Reporting Act (FCRA) of 1970

Fair Labor Standards Act (FLSA) of 1938

fair rental value (FRV) coverage

faithful performance coverage

false arrest

false pretense, trick, and device

Family and Medical Leave Act (FMLA) of 1993

family exclusion

farmers personal liability

farmowners insurance

farm umbrella policy


FAS 115

FAS 113

f-cubed litigation

feasibility study

Federal Arbitration Act (FAA)

federal crop insurance

Federal Emergency Management Agency (FEMA)

Federal Employers Liability Act (FELA) of 1908

federal excise tax (FET)

Federal Home Loan Bank (FHLB)

Federal Highway Administration (FHWA)

Federal Insurance Contribution Act (FICA) of 1935

Federal Liability Risk Retention Act

Federal Mine Health and Safety Act (FMHSA) of 1969

Federal Motor Carrier Safety Administration (FMCSA)

Federal Motor Carrier Safety Regulations (FMCSR)

Federal Savings and Loan Insurance Corporation (FSLIC)

fee disputes exclusion



fee schedule

fellow employee coverage

fellow employee exclusion

fellow employee suits coverage

Fellow in Risk Management (FRM)

Fellowship of the Chartered Insurance Institute (FCII)

fidelity bond


fiduciary bond

fiduciary liability

fiduciary liability endorsement

fiduciary liability "follow-on" claims

field service advice (FSA)

filed forms

financed insurance

Financial Accounting Standards Board (FASB)

Financial Anti-Terrorism Act (FATA or PATRIOT Act) of 2001

financial capacity

financial consolidation

financial disclosure claims

financial guarantee insurance

financial institution bond

Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA)

financial interest clause (FINC)

financial interest coverage

financial modeling

financial quota share

financial reinsurance

financial responsibility

financial responsibility law

financial restatement

financial restatement exclusion

financial risk management

Financial Stability Board (FSB)

financial statement

financial transformation (FT)

fine arts coverage

finite risk insurance

fire brigade

fire department service charge coverage

fire legal liability coverage

fire resistive construction (ISO)


fire wall


first advised clause

"first bite"

first class mail coverage

first dollar coverage

first dollar defense coverage

first dollar defense, umbrella

first named insured

first-party insurance

first surplus reinsurance treaty

fixed-cost insurance


flat cancellation

flat commission

flat dividend

flat rate


fleet automatic, auto

fleet of companies

fleet policy

fleet policy, aircraft

fleet policy, auto

floater policy

floating excess policy

flood coverage

flood exclusion

flood insurance rate map (FIRM)


follow form

follow form professional liability endorsement

following reinsurer

following the fortunes

forced placed

force majeure

force majeure insurance

Foreign Account Tax Compliance Act (FATCA)

foreign commerce

Foreign Corrupt Practices Act (FCPA) of 1977

foreign-cubed litigation

foreign currency controls

foreign insurer

foreign liability coverage

foreign title equivalent coverage provision

foreign voluntary workers compensation (FVWC) coverage

forgery or alteration coverage

"for-hire" motor carrier



fortuitous event


forum selection clause

forum shopping


forward contract

"four-corners" test

401(k) fee claims

401(k) plan

fractional premium

fracture types

frame construction (ISO)

franchise deductible

franchise inflation clause

franchise insurance

fraternal benefit society


Fraud Claim Law Associate (FCLA)

Fraud Claim Law Specialist (FCLS)

free alongside (FAS)

free of capture and seizure (FC&S) warranty

free of particular average (American conditions) (FPAAC)

free of particular average (English conditions) (FPAEC)

free of particular average (FPA)

free on board (FOB)

free on board destination

freight broker

freight forwarder


friable asbestos

friendly fire

front company

fronted captive


front pay

Fujita scale

full coverage

full preliminary term reserve valuation

full prior acts coverage

full-timers coverage

fully insured status

fully paid policy

functional capacity evaluation (FCE)

functional job description

functional replacement cost

functional replacement cost provision or endorsement

fundamental risk

fund control agreement


funded covers

funded pension plan

funded retention

funded self-insurance

fund states coverage

funds withheld

furriers block policy

furriers customers insurance


futures contract


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