Term Lookup Archive

This archive exists as a secondary direct-lookup tool while the site migrates toward stronger section-based insurance guides.

Use this page when

  • you already know the exact term you want
  • the term has not been rebuilt into a newer section guide yet
  • you want to compare an older archive page against the new topic-based structure

Start with the main guides when you want the strongest current content

What to expect here

  • some archive pages are still inherited pages that need rewriting
  • some pages will be moved, merged, redirected, or deleted over time
  • the archive remains useful for lookup, but it is no longer the primary structure of the site
Broad Form Storekeepers Insurance
Broad form storekeepers insurance expands business property coverage by extending to a wider set of storekeeper property exposures, including broader peril descriptions.
Broker
An insurance intermediary who represents policyholders and places coverage with carriers to match risk exposure and commercial or personal objectives.
Brokerage General Agent
An authorized entity that can place and administer business for an insurer on behalf of appointed insurers.
Brokerage Supervisor
A brokerage supervisor oversees quoting, policy administration, and compliance quality within a brokerage operation.
Burglary
The unlawful entry into a building with intent to commit theft or related criminal damage, a key peril in property and business crime coverage.
Burglary Insurance
Burglary insurance covers insured property losses resulting from unlawful entry, theft, or forced opening, depending on policy wording and exclusions.
Business Auto Coverage Form
The modern commercial vehicle policy framework for liability, collision, and physical damage on business autos.
Business Crime Insurance
Business crime insurance protects organizations against financial loss from internal and external criminal acts such as forgery, embezzlement, and robbery.
Business Insurance
A set of commercial policies that protect a company, its employees, and its assets from financial loss.
Business Risk
Any uncertainty that can reduce revenue, increase costs, or threaten a company’s ability to operate.
Business Risk Exclusion
A business risk exclusion removes coverage for losses caused by certain operational or product risks that are not considered insurable under the policy.
Change of Beneficiary Provision
A change of beneficiary provision gives a policyholder the right to replace or revise who receives policy proceeds.
Chargeable
The portion of an auto liability event assigned to the insured driver as responsible for the loss.
Claim Department
The insurer team that triages, investigates, and resolves claims under the policy terms.
Claim Report
The detailed file record used to document facts, damage, and documentation for a claims decision.
Class Rate
A premium rate assigned to a shared risk class instead of underwriting each risk entirely individually.
Clause
A specific contractual term in an insurance policy that defines rights, duties, coverage limitations, or exclusions.
Co-pay
A fixed amount paid by the insured for certain medical services before insurance covers the remaining part.
Coinsurance Penalty
A reduction in claim payment when insured value is below the required coinsurance threshold.
Collection Fee
A charge added when premiums are collected outside normal payment timing or require special follow-up.
Combination Policy
A policy structure that combines multiple coverages or policy forms into one document.
Combined Single Limit
A single liability limit that applies to all covered bodily-injury and property-damage claims from one accident.
Commercial Credit Insurance
Insurance that protects businesses from losses caused by late or defaulted payments from debtors.
Commercial Forgery Policy
Protection against business losses from forged instruments, fake payment documents, and related fraudulent payment risks.
Commercial Lines Manual
A rating and rules reference used to classify commercial risks and apply pricing rules in business insurance.
Commutation Right
A contractual right to convert scheduled insurance or annuity payments into a lump-sum amount.
Comprehensive Medicare Supplement
Supplemental health coverage designed to help pay deductibles, coinsurance, and other costs not fully paid by Medicare.
Comprehensive Personal Liability Insurance
Comprehensive personal liability insurance protects an individual or household against many third-party liability claims arising from private, nonbusiness activities.
Concealment
An insured's omission or hiding of a material fact, which can void coverage when underwriting is affected.
Condominium Insurance
Insurance structure for unit owners and associations that separates building losses from personal possessions.
Consideration
The legal value exchanged in an insurance contract, usually premium versus the insurer's future claim obligation.
Contract
The agreement framework behind insurance, including promises, obligations, and remedies for non-compliance.
Contract of Adhesion
A standardized insurance contract drafted by one side with limited negotiation by the policyholder.
Contribution Formula (Pensions) | Understanding Employer Contributions
Learn about the contribution formula in pension plans, which specifies the amount an employer will pay into profit sharing or money purchase plans. Understand its significance in retirement planning.
Conversion Fund
A designated fund used to support retirement-related conversion outcomes within life insurance planning.
Corridor
A bounded range in insurance benefit design used to define guarantees and minimum exposure.
Coupon Policy
A life insurance term in which the policy includes coupon or credit features that may reduce cost when conditions are met.
Credentialing
The process insurers use to verify and authorize providers or partners before they participate in a health plan.
Credit Life Insurance
A life insurance benefit that pays a debt balance to lenders when the insured person dies.
Cromie Rule
A loss allocation method for distributing a shared property loss across overlapping insurance policies with nonidentical coverage.
Cumulative Liability
The total reinsurance exposure from one catastrophe across multiple underlying insureds or policies.
Currently Insured Status
A program status that allows dependents to receive survivor coverage based on recent covered employment history.
Custodial Care
Custodial care refers to non-medical daily living support paid under a care plan or policy benefit terms.
Customized Coverage
A health policy design approach that adds or removes benefits to match an individual or group risk profile.
Cut Off
A cut off clause defines the point after which a reinsurer is no longer liable for losses.
Daily Report
A short policy information update used by insurers and agents to share key policy details.
Death Benefit Only Plan
A death benefit only plan provides a lump-sum payout solely at death, without retirement or disability payments.
Debit
In insurance operations, debit refers to premiums still owed by the policyholder and tracked by the collection function.
Declaration
A formal statement of key policy facts, often shown on the declarations page of a policy.
Deep Pockets Liability
Deep pockets liability describes a claim outcome where a more financially capable defendant pays more than its fair share of total damages.
Deferred Annuity
A deferred annuity earns value in an accumulation phase and begins distributions in a later period.
Defined Benefit Pension Plan
A defined benefit pension plan promises a fixed retirement payment formula, usually based on service and salary.
Defined Contribution Pension Plan
A defined contribution pension plan specifies contributions and lets benefit value depend on investment performance.
Delayed Payment Clause
A delayed payment clause postpones life insurance benefit payment when the first beneficiary dies at the same time as the insured.
Demolition Clause
A demolition clause can exclude or limit insurance liability for demolition costs required by law or safety rules.
Demurrer
A legal pleading asking the court to dismiss a claim as legally insufficient despite assumed facts.
Dental Plan
An insurance or reimbursement structure that defines what dental services are covered, at what cost, and through which providers.
Dental Plan Organization
A dental plan organization coordinates dental-provider networks, claims processing, and benefit rules for dental coverage.
Direct Written Premium
The total premium an insurer writes on its own policies before subtracting any premium ceded to reinsurers.
Directed Verdict in Legal Cases: Definition & Implications
Learn about the term 'Directed Verdict' in legal contexts, where a verdict is awarded to the defendant due to the plaintiff's failure to substantiate their case.
Director of Insurance
A lead state insurance regulator responsible for supervising insurers, producers, and insurance-market practices under state law.
Disability Benefit
The amount payable under an insurance policy when the insured meets the contract's definition of disability.
Disability Income Insurance
Disability income insurance replaces part of an insured person's earnings when sickness or injury prevents them from working.
Disability Insured
Disability insured means a person has enough covered work history or insured status to qualify for disability benefits under a social-insurance program.
Disappearing Deductible
A deductible structure that is reduced or eliminated when a covered loss exceeds a stated threshold or meets specified conditions.
Divided Cover
An insurance arrangement in which two or more insurers each accept a stated share of the same risk.
Dividend
In insurance, a dividend usually means a participating policy dividend returned by the insurer based on its experience and policy terms.
Double Protection
A life insurance design that combines permanent insurance with additional term coverage for a limited period.
Drug Formulary
The health plan's list of covered prescription drugs and the rules that control how those drugs are paid for.
Drug Price Review
The process a health insurer or plan uses to evaluate prescription pricing and set what it will reimburse under the pharmacy benefit.
Druggists' Liability Insurance
Druggists' liability insurance covers pharmacy liability arising from dispensing errors, labeling mistakes, and other professional mistakes in pharmacy operations.
Earned Premium
The portion of a policy's premium that corresponds to the part of the coverage period that has already passed.
Electrical or Electrical Apparatus Exemption Clause
An electrical apparatus exemption clause limits property coverage for electrical damage unless the loss results in a covered ensuing fire.
Eligibility Period
The time window a plan uses to determine when a person may enroll in or qualify for coverage under group insurance.
Eligible Expenses
Eligible expenses are the medical charges a health plan recognizes as covered or allowable under the policy.
Emergency
In health insurance, an emergency is a sudden illness or injury requiring immediate medical attention to avoid serious harm.
Employee Benefit Program
An employer-sponsored package of insurance and related benefits such as health, life, disability, or other group coverage.
Employee Welfare Benefit Plan
An employer-sponsored plan that provides benefits such as medical, life, disability, or similar protection to employees or their dependents.
Employer's Non-Ownership Liability Insurance
Employer's non-ownership liability insurance protects a business when employees use their own vehicles for company business and the employer is sued for resulting auto liability.
Employment Benefit Plan
An employer-sponsored plan that provides retirement, health, life, disability, or other structured employee benefits.
Endorsement Split Dollar
A life insurance arrangement in which the employer owns the policy and endorses part of the policy benefits to an employee or the employee's beneficiary.
Equipment Breakdown Insurance
Equipment breakdown insurance covers sudden accidental mechanical or electrical failure of covered equipment and the business losses that follow.
Equipment Floater
A movable-property policy that follows covered equipment from place to place instead of limiting coverage to one insured location.
Errors and Omissions Insurance
Errors and omissions insurance protects professionals against claims that their mistakes, bad advice, or missed actions caused a client financial harm.
Examination
In insurance regulation, an examination is a formal review of an insurer's finances, practices, and compliance by the insurance department or another authorized authority.
Excess Insurance
Excess insurance provides an additional layer of protection after the underlying policy or self-insured layer has been exhausted.
Excess Interest
Nonguaranteed interest credited above the contract's minimum guaranteed rate on certain cash value life insurance policies.
Experience Modification
A rating factor that adjusts premium based on an employer's actual loss experience compared with similar insureds.
Experience Refund
A return of premium or profit-sharing amount based on favorable insurance or reinsurance results under a contract formula.
Expiry
Another word for expiration and refers to the date or moment when insurance coverage or a policy term ends.
Explanation of Medicare Benefits
A statement showing how a Medicare claim was processed and what amounts Medicare approved, paid, or left to the beneficiary.
Extortion Coverage Form (Criminal) in Commercial Crime Insurance
Understand the extortion coverage form in commercial crime insurance. Learn how it protects businesses from losses due to extortion involving cash, securities, and other goods.
Family Automobile Policy
A family automobile policy was a legacy personal auto form that bundled core coverages for household-owned and household-used vehicles.