Glossary

The Cable Communications Policy Act (CCPA) of 1984 governs the collection and disclosure of personally identifiable information (PII) gathered by cable operators.

The calendar year experience refers to incurred losses and loss adjustment expenses (LAE) for all losses (regardless of when reported) related to a specific calendar year divided into the accounting earned premium for that same period.

California Information Privacy Act (SB 1386) is a law requiring organizations that collect and store personal information on California residents to disclose any breach of security to those individuals affected.

Cancelable refers to the fact that most insurance contracts can be terminated by the insurer or the insured at any time.

Cancellation is the termination of an insurance policy or bond, before its expiration, by either the insured or the insurer.

Cancel and rewrite refers to an insurer's cancellation and reissuance of the same policy.

Candidate analysis is a restricted form of optimization risk modeling in which only a finite number of prespecified decision options are considered, and the best set among those options is determined through the analysis.

A canine liability exclusion is a homeowners policy exclusion that precludes personal liability and medical payment losses for canines described in the endorsement schedule that are owned by or in the care, custody, or control of an insured.

Cannabinoid is any one of a large number of chemical compounds that act on cannabinoid receptors in the brain.

Cannabis is any part of the plant Cannabis sativa L. or derivative thereof with a delta-9 tetrahydrocannabinol concentration greater than 0.3 percent on a dry weight basis.