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Statute enacted in a number of states that modifies the common law by allowing an insurer to deny payment of an otherwise insured loss because of misrepresentation or breach of warranty only if that misrepresentation or breach contributed materially to the loss. 
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Statute the modifies common law by allowing an insurer to deny payment of an otherwise insured claim because of misrepresentation or breach of warranty only if that misrepresentation or breach contributed materially to causing the loss. These laws also are known as "increase-of-risk" statutes. 
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The integration of coverage for occupational and nonoccupational injuries under the same policy, using the same carrier. Accidents and illnesses are covered whether or not they are job related. Also referred
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A defined contribution retirement plan established by an employer that enables employees to make pre-tax contributions by salary deduction.
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Intentional, voluntary relinquishment of property or of a legal right, usually because the cost of salvaging and recovering that property or of protectting the right would be greater than its value once recovered or protected.  See "
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A method for removing lead-based paint from a surface. Compressed air propels abrasive material, often sand, against the surface to be cleaned. Under OSHA standards, abrasive blasting is assumed to generate
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Liability arising from extremely dangerous situations or operations under which the party responsible for those operations is liable, without exception or excuse, for virtually all resulting harm. For
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Unplanned injurious or damaging event that interrupts the normal progress of an activity. An accident may be seen as resulting from a failure to identify a hazard or from some inadequacy in an existing system of hazard controls. See “
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Accident experience in relation to a base unit of measure, such as with motor vehicle, railroad and aircraft accidents; e.g., number of accidents compared with miles operated or passengers carried, number
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Method of gathering data on losses, particularly liability insurance claims, which charges to a given calendar year the total costs of the accidents that occur in that year, regardless of when these costs
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Business accepted by an underwriter from an agent or broker that would be rejected by normal underwriting standards, but which is accepted because of the overall profitability of other related busines
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ACI
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Insurer’s cost of securing business, including commissions to agents and brokers and other marketing expenses. It also can be the accounting charge for placing a new policy on an insurer’s books.
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act
A bill after it passes one or both houses of the legislature. Also, legislation that has been enacted into law.
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Accident or peril generally interpreted as being beyond human control (lightning, flood, tornado, earthquake and other natural events). The phrase “act of God” should not be an excuse for not taking proper
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Flexible valuation standard, most often defined as the current replacement cost of an item of property minus its accumulated depreciation.

Cost of replacing damaged or destroyed property with comparable
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Mathematical and probability techniques used to evaluate and quantify risks. Using data, an actuary will perform a probabilistic risk assessment to project expected losses during a policy period or to
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A mathematician in the risk management or insurance field.

A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other
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