Insurance Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



#
40-30-30
50-50

A
ABS
AIC
AIRB
AMVIC
Absolute Assignment
Absolute Liability
Abstract
Accelerated Death
Accessories
Accident
Accident & Sickness
Accident Benefit
Accident Forgiveness
Accidental Death/Dismemberment
Accidental Death Benefit
Accident & Sickness Insurance
Accounts Receivable Coverage
Accrued Income
Accumulation Period
Acreage
Actively At Work Provision
Activities Of Daily Living
Actual Cash Value
Actual Loss Sustained
Actuary
Additional Coverage
Additional Insured
Additional Living Expense
Additional Named Insured
Additional Premium
Adjustable Premium
Adjuster
Adjusting
Adverse Selection
Advertising
Agency
Agency Bill
Agency Fee
Agent
Agreed Amount Endorsement
Agreement
Agriculture
Agricultural
Alarm System
Alarm System Discount
Alberta Insurance Council
Alberta Minimum Coverage
All Peril
All Risk
All Terrain Vehicle
Alleged
Ambulance
Amortization
Amount of Insurance
Animal Feed
Annuitant
Annuitization
Annuity
Antique
Apartment
Apparent Authority
Appliance
Applicant
Application
Application of Deductible
Appraisal
Appraisal Clause
Appraiser
Arbitration
Arson
Arson or Theft Conviction Reward
Asbestos Exclusion
Asset
Assumed Liability
Assumption Of Risk Doctrine
Assurance
Assured
Assurer
Assuris
At Fault Claim
Attractive Nuisance
Attribution Rule
Authorization
Automobile
Automobile Fleet
Automobile Insurance
Automobile Insurance Reform
Autoplan
Autoplus
Aviation Insurance
Avoidance Of Risk
Away from your premises exclusion

B
Back Dating
Back End Load
Back End Surrender Charge
Back to Back Annuity
Bad Faith
Bailee
Bailee’s Customer Policy
Bailment
Bailor
Bar
Basic Premium
Basic Promise
Bearer Form
Belief
Beneficiary
Benefit
Best Practices
Betterment
Bicycle
Bid Bond
Bill of Lading
Bind
Binder
Binding Authority
Black's Law Dictionary
Blanket Coverage
Blanket Crime
Board
Boats And Seadoos
Boiler & Machinery
Bodily Injury
Bodily Injury Liability Insurance
Bond
Book Of Business
Book Value
Branding
Breach Of Duty
Broad
Broad Form Completed Operation
Broker
Brokerage
Bronze
Builders Risk
Building
Bungalow
Burglary
Business
Business Contents
Business Insurance
Business Interruption
Business Life Insurance
Business Overhead Policy
Business Plan
Business Property
Buy/Sell Agreement
By-Law
Bylaw Coverage

C
CAIB
CCIB
CCMTA
CDIC
CFC
CFP
CGL
CIAA
CILP
CIP
CLEAR
CLHIO
CLU
CMC
COLA
CPIB
CPCU
CPP
CRM
CSA
CSIP
CSR
CVOR
Cab card (Saskatchewan)
Call Centre
Callable bond
Canada savings bond
Canadian Life and Health Ombudservice
Canadian standard theft deterrent systems
Cancel
Cancellation
Capacity
Capital gains tax
Capital loss
Capital property
Capital retention
Capitalization of income
Capitalized value
Captive agent
Captive insurance company
Career average earnings plan
Cargo Insurance
Carry forward
Careless Smoking
Cash Surrender Value
Case law
Casualty
Cell Phone
Certificate
Certificate of insurance
Certificate of registration
Change in Operation
Civil
Civil authority
Civil Code
Civil liability
Claim
Claim & Experience
Claim Fairness
Claim Free
Claimant
Claims Made
Classic
Co-Insurance
Collision Insurance
Commercial
Commercial auto insurance
Commercial Contents
Commercial General Liability
Commercial lines
Commercial surety bond
Commission
Committee
Common carrier
Company
Comparative negligence
Compensatory
Competency of operator
Completed operations
Comprehensive
Comprehensive automobile insurance
Comprehensive general liability
Comprehensive home insurance
Compulsory insurance
Concrete
Conditions
Condominium
Condominium Owner
Condominium Corporation
Connivance
Consequential Loss
Constructive Total Loss
Consumer Rights
Contents
Contingency Fee
Contingent Beneficiary
Contingent Business Interruption
Contingent Cargo Insurance
Contingent Employers Liability Insurance
Contingent Liability
Contingent Owner
Contract
Contract surety bond
Contractor
Contractors Liability Coverage
Contractual Risk Transfer
Conversion Privilege
Conviction
Corporate
Corporation
Cost of Risk
Coupon bond
Course Of Construction
Court
Cover Note
Creditor Insurance
Crime
Crime Protection
Crimestoppers
Criminal
Criminal Code
Criminal Intent
Critical Illness
Crop Hail Insurance
Cross Liability
Custom Farming
Custom Paint Finish
Customers

D
D&O
DBA
DPG
DPSP
Damage to the property of others
Data
Data Problem
Dealer Plate
Death
Death benefit
Debenture
Debris
Debris Removal
Debt securities
Debtor
Deductible
Declaration
Decline
Decreasing term insurance
Deemed Disposition
Defense
Defense Costs
Defensive Driving
Deferred annuity
Deferred sales charge
Defraud
Delay Start Up Liability
Demutualization
Denied
Defined benefit plan
Defined contribution plan
Deny
Dental
Dependency period
Dependent
Dependent life
Deposit based guarantee
Depreciation
Derivative
Detached Private Structure
Direct
Direct Bill
Direct compensation
Direct loss
Direct premiums written
Direct Writer
Director & Officer
Disability
Disability buyout insurance
Disability income benefit
Disappearing deductible
Discount
Dismemberment
Disposition
Distribution
Dividends
Dollar cost averaging
Dramshop law
Dread disease insurance
Driver Training
Driving Record
Due diligence
Duress
Duty
Duty of a Broker
Duty of Care
Duty to Defend
Dwelling property

E
E&O
EAP
EDP
EFT
EIL
EPL
ESA
ESOP
ETI
Early retirement
Earned income
Earned premium
Earnings
Earthquake
Earthquake Shock
Earthquake insurance
Economic loss
Economic policy
Effective date
Efficient level of risk
Electric bicycle
Electrical
Electronic Data Processing
Elements of a negligent act
Eligible employee
Eligibility date
Eligibility period
Eligibility requirement
Elimination period
Embezzlement
Emergency
Emergency preparation
Emergency vehicle
Employee
Employee dishonesty
Employee Liability
Employer
Employers contingent liability
Employment Practice Liability
Endorsement
Endowment
Engine
Enrollment card
Entire contract clause
Entity purchase agreement
Environmental Impairment Liability
Equipment
Equipment Breakdown
Equipment Rental Reimbursement
Equity
Error & Omission
Estate
Estoppel
Ethical conduct
Evacuation
Evidence of insurability
Excess Medical
Exclude
Exclusion
Exemplary
Expense
Expiration Date
Explosion
Exposure
Extortion
Extra Expense

F
FCIP
FIIC
FSC
FTP
FUS
Fair Market Value
Fair Rental Value
Falling Object
Farm
Farm Equipment
Farm Insurance
Farm Liability
Fault
Fiat Money
Fidelity
Fiduciary
Filing
Finance
Financial
Fine Art
Fire
Fire Damages
Fire & EC
Fire & Lightning
Fire Department Charges
Fire Hazard Rating for Commodities
Fire Protection
Fire Resistive
Fleet insurance
Fleet owner liability
Floater
Flood
Forgery
Form
Fraud
Freight bill
Frustration of Contract
Fuel Tax Report
Fungi

G
GDL
GIR
GVW
Galvanized
Garage
General insurance
General Insurance Council
General Contractor
Going concern
Gold Form
Good Faith
Grace period
Grain
Grand parented policy
Gross Earnings
Gross Income
Gross Profit
Group Benefit Plan
Group insurance
Grow Operation
Guaranteed insurability
Guaranteed Replacement Cost

H
HCMU
Hail
Hail/Crop Insurance
Hard market
Hay Feed
Hazard
Hazardous goods
Health
Health Insurance
High Risk Automobile
High risk dwelling
History
Hit & Run
Hobby Farm
Hold harmless agreement
Home Based Business
Home freezer
Home Freezer Coverage
Homeowner
Hostile Fire
Hostile Fire Exception
Hot Work Protocols
Hotel
Hull insurance
Human Rights Commission
Hurricane

I
IBAA
IBAC
IBC
IBNR
ICBC
ICC
ICLR
IPP
ISO
Identity theft
Illegal Substance Exclusion
Illness
Immediate annuity
Immobilizer
Impact by Air & or Land Vehicle
Impact with an animal
Impaired
Improvement & Betterment
Imputed negligence
Incident
Income
Income payments
Income splitting
Incontestability
Incontestable clause
Increasing life term
Indemnification
Indemnify
Indemnity
Independent adjuster
Independent agent
Independent agency
Indexing
Indirect loss
Industrial roads
Inflation
Inflation Protection
Informed consent
Inherent vice
Injured
Injury
In kind
Inland marine
Innocent misrepresentation
Insolvent
Inspection
Inspection report
Insurability
Insurable interest
Insurable risk
Insurance
Insurance Adjusters Council
Insurance Company
Insurance Contract
Insurance Institute
Insurance Policy
Insurance representative
Insurance to value
Insured
Insured Peril
Insurer
Intentional
Interest
Intestate
Irrevocable beneficiary
Intruder
Inventory

J
JVC
Jewelry
Job Misrepresentation
Joint and Several Liability
Joint and Survivor Annuity
Joint First/Last to Die
Joint Tenants
Judgment
Judicial Bond

K
Key Employee
Key Person Insurance
Know Your Client Rule

L
LDCP
LIF
LIRA
LRIF
Landlord
Landslide
Lapse
Larceny or Theft
Last to Die
Law
Law of Agency
Lawn Coverage
Lawsuit
Law of Large Numbers
Lawyer
Lay Up
Learners Permit
Lease
Legal
Lessee
Lessor
Level Premium
Level term Insurance
Liability
Liability Limit
Liability Loss Exposure
Liability Without Fault
Liable
License
License and Permit Bond
Lien
Life
Life Annuity
Life Expectancy
Life Income Fund
Life Income Option
Life Insurance Council
Lifetime Disability Benefit
Lightning
Limit
Limitation
Line Authority
Liquidity
Liquor Liability
Livestock
Living Benefits Rider
Living Trust
Lloyd’s of London
Lock Replacement
Locked-in Plans
Long-term Care Benefit
Long-term Disability Income
Long-term Disability Policy
Long-term Care
Loss
Loss Avoidance
Loss Control
Loss Expense
Loss Exposure
Loss Frequency
Loss of Use
Loss Payable Clause
Loss Prevention
Loss Ratio
Loss Reduction
Loss Reserve
Loss Severity
Loyalty
Luxury

M
MAC
MPI
MSRP
MVR
Machinery
Major
Major Medical Insurance
Malingering
Malpractice
Malpractice Insurance
Managed Care
Managerial Activity
Mandatory Coverage
Manitoba Public Insurance
Manual Rate
Manufacturer
Marine Insurance
Market
Market Price or Market Value
Mass Evacuation
Master policy
Material Change of Risk
Material Damage
Mature
Mechanic
Medical Condition
Medical Examination
Medical Payment
Minor
Minimum Group
Minimum Retained
Misrepresentation
Misstatement of Age Clause
Mobile Equipment Exception
Mobile Home
Mode of Premium Payment
Modified Vehicle
Mold
Money Laundering
Moored
Moral Hazard
Morbidity
Mortgage
Mortgage Clause
Mortgage Free
Mortgagee
Mortgagor
Motel
Motor Home
Mould
Multi-line
Multi-peril Policy
Multi-Vehicle
Muscle Car
Mutual Insurance Company
Mysterious Disappearance

N
Named Insured
Named Perils
Negligence
Negligent Misrepresentation
Neighbourhood Watch
Net Death Benefit
Net Income
Net Written Premiums
Newly Acquired Property
Newly Acquired Vehicle
No Fault
Nominal rate of return
Non Admitted Insurance Company
Non cancelable
Non Cancelable Renewable Life Insurance
Non Confining Sickness
Non Contributory
Non Disabling Injury
Non Disabling Injury Benefit
Non Exempt Policy
Non Forfeiture Option
Non Insurable Risk
Non Medical Limit
Non Occupational Liability
Non-owned auto
Non Participating Insurance
Non Refundable Tax Credit
Notice
Notice and Proof

O
OAS
Occasional Operator
Occupancy
Occupation
Occupational Hazard
Occupier
Occupier’s Liability
Occurrence
Occurrence Insurance
Ocean marine
Off Premises
Offer and Acceptance
Office
Office Furniture
Oilfield Glossary
Ombudsman
Ontario Auto Insurance
Operating Ratio
Operation
Option
Optional Coverage
Optionally Renewable Contract
Ordinary Life
Outbreak Insurance
Outbuilding
Over-contribution
Overhead Expense
Overturn
Owner
Owner as Additional Insured Exception
Owner Operator
Own Occupation

P
PACICC
P&C
PAE
PFPC
PIPEDA
PIN
PLPD
POED
PRPP
PUI
Package Policy
Pain and Suffering
Pair and Set
Paramedical Examination
Par Policy
Parent Waiver
Participating Policy
Partial Disability
Participating Insurance
Partnership Debt
Payment
Payment Plan
Payroll
Pension benefits
Pension plan
Percentage participation
Peril
Permanent life insurance
Persistence
Personal
Personal articles floater
Personal effects/property floater
Personal injury
Personal lines
Personal property
Personal representative
Personnel Loss Exposure
Photo Radar
Physical damage
Physical hazard
Pink Card
Placard
Plaintiff
Platinum Form
Points
Policy
Policy dividend
Policy expiration date
Policy limits
Policy loan
Policy reserves
Policy term
Policyholder
Policyholder’s surplus
Pollution
Pollution exclusion
Pool
Porch
Portability
Pre existing condition
Premises
Premium
Premium finance
Prepayment
Principal
Privacy
Private carrier
Private passenger vehicle
Private power
Private Power Coverage
Pro-bill
Procurement
Product liability insurance
Product recall insurance
Products and completed operations
Profession
Professional
Professional fee
Professional liability
Profits
Profits Form
Proof of Loss
Property
Property & Casualty
Property Damage Coverage
Property Damage Liability Insurance
Property Insurance
Property Loss Exposure
Property of Others
Property Removed
Proration
Provision
Proximate Cause
Punitive
Pure Risk

Q
QPP
Qualification period
Quote

R
RCT
RDSP
RESP
RIN
RPP
RRIF
Radius of Operation
Rate
Rated policy
Rate making
Rating territory
Readvanceable mortgage
Real Property
Rear End
Reasonable Care
Reasonable and customary charges
Rebating
Recommendation
Reconstruction
Reconstruction Cost
Reconstruction vs Construction
Recreational Vehicle
Recurring claim provision
Recurring clause
Reduced paid up insurance
Refundable tax credit
Registered bond
Registered plan
Registered letter
Registered retirement plan
Registration
Regular insurance market
Rehabilitation
Reimbursement
Reinstatement
Reinsurance
Reinsurance facility
Relative claim index - clear
Release
Renewable term insurance
Renewal
Renovations
Rent
Renter insurance
Rents Earned
Repair
Replacement
Replacement Cost
Replacement Cost Calculator
Replacement ratio
Representation
Rescission
Reservation of rights
Reserve
Residual disability
Residual disability benefits
Residual market
Respect
Restaurant
RESTORE
Resultant
Retail
Retailer
Retain
Retention
Retrocession
Retrospective date
Revocable trust
Reward
Rider
Right of survivorship
Riot
Risk
Risk avoidance
Risk classification
Risk control
Risk financing
Risk Management
Risk retention
Risk severity
Robbery

S
SEF
SEF 2
SEF 3
SEF 4 A
SEF 4 B
SEF 5
SEF 5C
SEF 6 A
SEF 6 B
SEF 6 C
SEF 6 D
SEF 6 F
SEF 7
SEF 8
SEF 8 A
SEF 9
SEF 10
SEF 11
SEF 12
SEF 13 A
SEF 13 B
SEF 13 D
SEF 13 H
SEF 16
SEF 17
SEF 19
SEF 19 A
SEF 20
SEF 21 A
SEF 21 B
SEF 22
SEF 23 A
SEF 23 B
SEF 24
SEF 25
SEF 26
SEF 27
SEF 28
SEF 29
SEF 30
SEF 30 A
SEF 31
SEF 32
SEF 35
SEF 36
SEF 37
SEF 38
SEF 39
SEF 40
SEF 43 R(L)
SEF 44
SEF 60
SEF 70
SEF 71
SEF 72
SEF 73
SEF 74
SEF 75
SEF 76
SEF 77
SEF 78
SEF 79
SEF 80
SEF 81
SEF 82
SEF 90
SEF 91
SEF 92
SEF 93
SEF 94
SEF 95
SEF 96
SEF 97
SEF 98
SEF 99
SEF 100
SPF
SPF 1
SPF 4
SPF 6
SPF 7
Safety
Safety deposit
Safety Deposit Box Coverage
Salvage
Saskatchewan Government Insurance
Schedule
Seasonal
Seasonal variance
Section A
Section B
Section C
Seepage
Segregation of Exposures
Self insurance
Self Insured Retention
Serious
Serious conviction
Service Charge
Settlement
Sewage Backup
Shopping Mall
Short Rate
Short term disability plan
Site
Slip and Fall
Smoke
Smurf
Soft Tissue Injury
Sole proprietorship
Sound Equipment
Special Form
Special Limits
Specified Perils
Speculative Risk
Split-Level
Spoilage
Spore
Stability
Staff Authority
Stand Alone
Standard Mortgage Clause
Standard Mortgage Clause Wording
Statute Law
Statutory Conditions
Statutory Declaration
Statutory Fire Condition
Stock
Storefront Glass
Straight Life
Street Rod
Strip Mall
Structured Settlement Annuity
Subrogation
Substandard Risk
Substitution
Sue
Suicide Exclusion Clause
Superintendent Of Insurance
Suppliers
Surcharges
Surety
Suspended

T
TDG
TLL
Tax basis
Tear Out
Technical Activities
Temperature Change
Temporary Life Annuity
Temporary Removal
Ten Day Free Look
Tenant
Tenants At Will
Tenants Improvements
Tenants In Common
Tenants Legal Liability
Term
Term Insurance
Territory
Terrorism
Terrorism Exclusion
Testamentary Trust
Theft
Theft Claim Cost
Theft Claim Frequency
Third Party
Third Party Liability
Third Party Over-suit
Threshold (no-fault)
Thunderstorm
Ticket
Time Limit On Certain Defenses
Time on Risk
Title
Title insurance
Tornado
Tort
Tortfeasor
Total Disability
Total Loss
Townhouse
Toxic
Trade
Traffic Injury Research Foundation
Trailer
Trailer interchange
Transfer and Consent Form
Transferability
Transit
Trauma Amnesia
Travel Accident Insurance
Travel Insurance
Treaty
Trespasser
Trip Insurance
Truck
Trust
Turner's Tips
Turnover rate
Twisting
Typhoon

U
Umbrella
Unallocated Benefit
Undamaged
Under Insured or Uninsured motorist coverage (UMPD)
Underwriter
Underwriting
Underwriting Profit or Loss
Unearned Premium
Unfair Trade Practices
Uniform Premium
Uninsurable Perils
Uninsurable Risk
Uninsured Motorist Coverage
Unintentional
Universal Life Insurance
Unoccupied
Unpaid Premium
Unpaid Wages
Upgrade
Utmost Honesty

V
VICC
VIR
Vacant
Valuable Records
Valuation
Value
Valued Policy
Vandalism
Variable Annuity
Variable Life insurance
Vehicle
Vehicle Identification Number
Vehicle Inspection
Vehicle Inspection Report
Verbal Threshold
Vest
Viatical Settlement
Vicarious Liability
Violation
Violence
Void
Voidable
Volcano
Voluntary
Voluntary Market
Voluntary Medical Payment
Volunteer
Volunteer Selection
Volunteer Insurance

W
WCB
WSCC
WSIB
Waiting Period
Waiver
Waiver of Coinsurance
Waiver Of Depreciation
Waiver of Premium
Warehouse
Warranty
Water Damage
Water Escape
Watercraft
Waybill
Wealth
Whole Life Insurance
Wildfire
Will
Wind
Windstorm
Wiring
Wood burning stove
Wording
Worker’s Compensation
Worker’s Compensation Insurance
Worldwide Liability
Wrap Up Liability
Written Premiums

X
X-ray

Y
YBE
YMPE
Yearly Renewable Term
Yield

Z
Zoning