Glossary of Insurance Terms

This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. New terms will be added to the glossary over time.

The definitions in this glossary are developed by the NAIC Research and Actuarial Department staff based on various insurance references. These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context such that the definition shown may not be applicable.

Source: National Association of Insurance Commissioners, "Glossary of Insurance Terms" https://content.naic.org website. Accessed June 28, 2021. https://content.naic.org/consumer_glossary

© Copyright 2021. All rights reserved. This content is strictly for informational purposes and although experts have prepared it, the reader should not substitute this information for professional insurance advice. If you have any questions, please consult your insurance professional before acting on any information presented.

lcis-logo-white-text

Landscape Contractors Insurance Services, Inc.
1835 N. Fine Ave, Fresno CA 93727
Tel (800) 628-8735 Fax (559) 650-3558
CA LIC # 0755906

close
LCIS Logo

Sign up to receive important insurance news and information in your inbox!

Your email information is secure.
Read our Privacy Policy