Glossary

A chief risk officer (CRO) is an executive-level individual responsible for an organization's strategies, objectives, and techniques for handling all types of risk facing the enterprise.

The Children's Online Privacy Protection Act (COPPA) of 1998 generally applies to companies or groups that operate either commercial websites or online services directed at children (anyone under 13) or that knowingly collect personal information from children.

Choice no-fault is an auto no-fault plan that allows insureds to choose whether mandatory auto coverage is covered under the traditional tort liability system or under a no-fault compensation system that restricts the ability to collect noneconomic damages.

Chronic toxicity is the capacity of a substance to cause long-term poisonous human health effects.

Circumstance is a term used in some claims-made policies as an alternative to "occurrence."

The Civil Rights Act of 1991 broadened the scope of Title VII of the Civil Rights Act of 1964 to include the right to a jury trial as well as the right to recover compensatory and punitive damages.

A claim, when used in reference to insurance, may be a demand by an individual or corporation to recover, under a policy of insurance, for loss that may come within that policy.

A claimant is the person making a claim, typically in connection with a lawsuit.

A claims-made and reported policy is a type of claims-made policy in which a claim must be both made against the insured and reported to the insurer during the policy period for coverage to apply.

A claims-made coverage trigger requiring that a claim be both made against the insured and reported to the insurer during the policy period for coverage to apply is called a claims-made and reported provision.