Glossary

Alternative remedial contract strategy contractors are government contractors who provide project management and technical services to support remedial response activities at National Priorities List (NPL) sites.

Alternative risk financing facilities refer to risk financing mechanisms that do not involve a commercial insurance company—for example, captive insurers, risk retention groups (RRGs), pools, and individual self-insurance.

An alternative risk financing mechanism is a legal entity, such as a captive insurance company, that assumes from one or more entities the liability to pay their future losses; it is used as an alternative to commercial insurance.

Alternative risk transfer (ART) refers to financing risks outside of the commercial insurance regulatory system, which is designed to protect unsophisticated insurance buyers.

The alternative risk transfer (ART) market is a name for the marketplace in which nontraditional risk transfer approaches (as compared to commercial insurance) can be arranged.

The standard Amendment of Insured Contract Definition commercial general liability (CGL) endorsement (CG 24 26) alters the policy's definition of "insured contract," which determines the scope of coverage for contractually assumed liabilities, to require that the injury or damage for which coverage is sought was caused "in whole or in part" by the named insured or those acting for it.

AMERCO v. Commissioner is one of three cases decided in January 1991 in which premiums paid to wholly owned insurance companies were deemed deductible expenses.

The Americans with Disabilities Act (ADA) of 1990 is a federal statute primarily aimed at preventing discrimination in hiring persons having a "disability" as defined by the Act.

The American Academy of Insurance Medicine (AAIM) is a nonprofit professional association whose physician members typically serve as medical directors to insurers.

The American Association for Long-Term Care Insurance is a nonprofit professional association headquartered in Westlake Village, California, that was formed in 1998 to promote the importance of planning for long-term care (LTC) needs.