Glossary P

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

P

paid-in capital

paid loss retrospective rating plan

paid-up additions

pain and suffering

pair or set clause

parallel proceedings

parcel post coverage

pari passu rule

Part A permit, Part B permit

partial disability

partial retention

participating (par)

participating policy

participating reinsurance

particular average

partner controlled insurance program (PCIP)

party-in-interest transactions

passive foreign investment company (PFIC)

passive retention

pass-through entity

patent infringement

patient dumping

Patient's Bill of Rights Legislation

Patient's Compensation Funds

Paul v. Virginia

payment account

payroll deduction

payroll limitation

Pension Benefit Guaranty Corporation (PBGC)

Pension Protection Act of 2006

percentage participation

per diem business interruption coverage

performance bond

performance ratio

peril of the sea

per-loss deductible

permanent and stationary

permanent life insurance

permanent partial disability

permanent total disability

per occurrence limitation of liability provision

per risk excess reinsurance

personal and advertising injury

personal articles floater

personal auto policy (PAP)

personal effects floater

Personal Information Protection and Electronic Documents Act (PIPEDA)

personal injury

personal injury protection (PIP)/no-fault

personal liability coverage

personal profit exclusion

personal property

personal risk management (PRM)

personal umbrella policy

physical hazard

physical impairment

physical-mental injuries

physical rehabilitation

placement service agreement (PSA)

placement slips

plain language laws

planned retention

plate glass insurance

point-of-entry treatment device

point-of-use treatment device

police professional liability insurance

policy anniversary

policy conditions

policy definitions

policy dividend

policy expense allowance

policyholder dividends

policyholder surplus

policy registers

policy territory

policy writing agent

policy year experience

political risk insurance

pollutant standard index (PSI)

pollution exclusion

portfolio reinsurance

portfolio return

portfolio runoff

portfolio transfer

post-emergency recovery

postmortem dividend

potentially responsible party (PRP)

power of attorney

practice insurance policy

practice policy

preauthorized check plan

pre-claim advice credit

predecessor firm coverage

predominant cause

preexisting condition

preferred provider organization (PPO)

Pregnancy Discrimination Act of 1978 (PDA)

prejudgment interest

premises burglary coverage

premises-operations

premises theft and outside robbery coverage form H

premium, advance

premium capacity

premium deposit

premium discount

premium payment plan

premium prepayment

premium reserve

premiums earned

prepaid legal plans

preponderance of evidence

preservation of property

pre-set allocation provision

presumptive indemnification provision

primary and non-contributory

primary beneficiary

primary insurer

primary liability

principle of indemnification

prior acts coverage

prior and pending litigation exclusion

priority of payments provision

prior work exclusion

private carrier

private company directors officers (D&O) liability insurance

private crop-hail insurance

private equity firm

Private Letter Ruling

privately held corporation

private placement

Private Securities Litigation Reform Act of 1995

privileged communication

privity of contract

probability analysis

probability of ruin

probable maximum loss (PML)

probationary period

process wastewater

procuring cause

producer-owned reinsurance captive (PORC)

product disparagement

production contracts

production of documents

product liability

product liability exclusion

product liability insurance

products-completed operations

products guarantee legal liability

products tampering insurance

professional employer organization (PEO)

professional liability

professional reinsurer

professional services exclusion

profit center captives

profit commission

profit sharing plan

pro forma (projected) financial statements

program business

progressive injury or damage

prohibited risk

prohibited transaction exemption (PTE)

prohibited transactions

prohibition of voluntary payments provision

project liability insurance

project management protective liability (PMPL) insurance

promissory estoppel

promissory note

Property Claim Law Associate (PCLA)

Property Claim Law Specialist (PCLS)

property damage

property insurance

property transfer liability insurance

proportional liability

proportional/pro rata reinsurance

pro rata cancellation

pro rata distribution clause

pro rata reinsurance

prospective aggregates

prospective loss costs

prospective rating

protected cell captive (PCC)

protection and indemnity (P&I) insurance

protection classes

protective liability insurance

protective order

Protective Professional Indemnity Insurance

protective safeguards endorsement

provisional notice of cancellation (PNOC)

provisional premium

proximate cause

psychological rehabilitation

public adjuster

Public Company Accounting Oversight Board (PCAOB)

public easement

public employee dishonesty coverage

Public Law 15 (McCarran Act)

public liability insurance

publicly held corporation

public officials bond

public officials liability

public officials liability insurance

public or livery conveyance use

public policy exception

public private partnership

Public Risk Management Association (PRIMA)

publishers liability

punitive damages

purchasing group

pure claims-made policy

putting in expenses

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

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