Glossary

The Computer Fraud Coverage Form (CR 00 07) was an Insurance Services Office, Inc. (ISO), crime coverage form that insured against theft of money, securities, or property by using a computer to transfer covered property from the insured's premises or bank to another person or place.

Computer software design errors and omissions policies provide professional liability coverage for computer software designers, analysts, and consultants to cover errors in programs or in systems design.

A computer virus is a hidden, self-replicating software program, usually containing malicious logic that propagates by inserting copies of itself into and becoming part of another host program.

A computer worm is a self-replicating, self-propagating, self-contained program that uses network mechanisms to spread itself.

Concealment is a willful act of holding back information that may be pertinent to the issuance of an insurance policy even though the insured was not asked about that particular subject.

Concurrency refers to the coordination of the coverage, terms, and conditions of a reinsurance agreement with those of a contract reinsured or between reinsurance agreements.

Concurrent causation is defined as a tort doctrine that imposes joint liability on two or more parties if their negligence combines to produce the same loss.

Concurrent insurance exists when two or more policies cover the same exposure and have the same policy period and type of coverage trigger.

Conditionally renewable refers to a contract of health insurance stating that the policy is renewable under certain conditions as defined in the contract.

A conditional binding receipt refers to a receipt in life insurance that guarantees that if the risk is accepted, the named insured is insured from the date of issuance of the receipt.