Glossary

Aggregate stop-loss reinsurance is a type of reinsurance in which the reinsurer pays losses in excess of the attachment point.

An agreed value coverage option is a commercial property insurance provision that suspends the coinsurance clause until a specified expiration date.

An endorsement to liability policies expressing the insurer's agreement not to rely on the statutory limitations regarding governmental immunity unless requested by the insured is called "agreement not to rely on governmental immunity."

Agribusiness and Farm Insurance Specialist ( AFIS ) is an insurance industry certification program that consists of a series of five courses focusing on the risk management and insurance needs of farms, ranches, and other agribusinesses.

Airborne particulates are the total of suspended particulate matter found in the atmosphere as solid particles or liquid droplets.

Aircraft insurance policies are necessary for businesses that elect to use private aircraft in their operations, since claims or suits that arise out of the ownership, maintenance, or use of aircraft are generally excluded under the standard commercial general liability (CGL) forms.

Airport premises liability is an aircraft liability insurance policy additional coverage that covers damages for bodily injury or property damage arising out of the use of airport premises for the parking and storage of aircraft.

A federally designated area, the air quality control region is required to meet and maintain federal ambient air quality standards.

Air quality standards are the level of pollutants prescribed by regulations that may not be exceeded during a given time in a defined area.

A treatment system that removes volatile organic compounds (VOCs) from contaminated groundwater or surface water by forcing an airstream through the water, thus causing the compounds to evaporate, is air stripping.