Risk Retention may refer to a risk management strategy that involves a party assuming the responsibility for a certain level of risk or losses. This term may also refer to...
Risk Transfer, in a broad sense, may refer to the process of shifting risk from one party to another. Risk transfer is a mechanism used to allocate the risk of...
The Reasonable Expectations Doctrine, also known as the Reasonable Expectation Doctrine, may refer to a legal principle that is used in insurance law. It is based on the notion that...
Regulatory Proceedings may refer to legal, administrative, or disciplinary proceedings conducted by a regulatory body, such as a government agency, to enforce laws, regulations, and standards for an industry or...
In the realm of insurance and employee compensation, the term "Required Benefits" may refer to a set of essential services, treatments, or coverage that an insurance provider or employer must...
Retention may refer to a variety of insurance-related concepts, but in the context of Directors & Officers (D&O) insurance, it simply means the amount of risk that the policyholder agrees...
Within the realm of Directors and Officers (D&O) insurance, the term "rescindable" plays a pivotal role in determining the stability and reliability of coverage for policyholders. When a D&O policy...
Reputational Harm may refer to any type of damage that negatively affects the reputation or image of an individual, business, or organization. It is a form of intangible damage caused...
The term "Indemnification" may refer to the legal protection of a person or organization against claims or losses that arise as a result of the actions of another. In the...
In insurance, the word retention is always related to how a company handles its business risk. When you ‘retain’ risk, it usually means you’re not insuring it. The common alternative...
Retention insurance, in the realm of commercial insurance, refers to a risk management strategy where a business assumes a predetermined level of risk by self-insuring a portion of potential losses...
Redlining insurance, in the realm of commercial insurance, refers to the practice of unfairly denying or limiting insurance coverage based on geographic location, typically due to discriminatory factors such as...
Reservation of rights, in the realm of commercial insurance, refers to a legal notice provided by an insurance company to an insured party when there is uncertainty or potential coverage...
Retroactive insurance is a type of insurance policy that provides coverage for incidents that occurred before the policy's inception date. It offers protection for liabilities that may have occurred in...
Retroactive date, in insurance terminology, is the specific date mentioned in an insurance policy that marks the beginning of the coverage period for the policy. A retroactive date is often...
Rebating, in the realm of commercial insurance, refers to the practice of offering an individual or entity a financial incentive, such as a rebate or refund, in exchange for purchasing...
A risk purchasing group is a group of individuals or businesses with similar risk profiles who come together to purchase liability insurance coverage. These groups are formed under the federal...
Riggers liability insurance is a type of insurance policy that provides coverage for professionals who are involved in the moving and lifting of heavy equipment, machinery, or other materials. The...
Risk sharing, a fundamental concept in insurance and risk management, refers to the practice of distributing or transferring the financial impact of potential losses among various parties. The definition of...
A renewal policy, a crucial aspect of insurance management, refers to the continuation of an existing insurance policy for a subsequent policy term. The definition of a renewal policy encompasses...
Return premium, a term commonly used in the insurance industry, refers to the amount of money refunded to a policyholder when certain conditions result in the policyholder overpaying for insurance...
Retrocession, a specialized practice within the reinsurance industry, involves the transfer of risk from one reinsurer to another. The definition of retrocession encompasses the process where a reinsurer, seeking to...