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Glossary


Air toxins are any air pollutant for which a national ambient air quality standard does not exist (unlike ozone, carbon monoxide, PM-10, etc.) that may reasonably be anticipated to cause cancer, developmental effects, reproductive dysfunctions, neurological disorders, heritable gene mutations, or other serious or irreversible chronic or acute health effects in humans.

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An aleatory contract is an agreement concerned with an uncertain event that provides for unequal transfer of value between the parties.

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Premises that have been sold or given away to another or abandoned are called alienated premises.

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An alien insurer is domiciled in and licensed under the laws of a country outside a given jurisdiction.

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Allegations are unsupported assertions that each party to a dispute intends to prove. Until each assertion is proven, it is only an allegation.

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Allied healthcare professional liability insurance is designed to cover nonphysician healthcare professionals including nurses, dentists, physical therapists, technicians, and a variety of other persons providing medical services.

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In workers compensation insurance, allocated expenses are expenses associated with handling a specific claim other than payments for medical or indemnity benefits.

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Allocated loss adjustment expenses (ALAEs) are loss adjustment expenses that are assignable or allocable to specific claims.

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Allocation is the assignment to individual policies of the obligation to defend or indemnify an insured when injury or damage has occurred during a succession of policy periods.

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All inclusive coverage is one of three approaches used for condominium insurance coverage, with the condo master policy covering all real property.

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