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lvspec/dfn/ins.tex

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% 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{LRO}
Lessor's Risk Only---a lessor's risk policy.
\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