% Insurance Terminology % % Intended to be included within its own section. % % Also requires gls-ins-calif definition. \begindeptgroup{uw} For a glossary of insurance terms from the state of California, see~\cite{gls-ins-calif}. \begin{description} \dt{applicant} The intended policy owner. \dt{indication} An approximation of the cost of insurance based on incomplete or limited information provided by the applicant. \dt{monoline} A single line of business (e.g. ^[Property] or ^[General Liability]); contrast to ^[package]. \dt{NOC} No Other Class Code---catch-all when no other class code is a fit for the particular risk. \dt{package} Multiple lines of business; contrast to ^[monoline]. \dt{policy} Written insurance contract. \dt{quote} An estimate of the cost of insurance based upon information supplied to the insurance company by the applicant. \dt{risk} The individual or property to which the insurance policy or quote relates. \end{description} \enddeptgroup