Glossary

Contractual provisions limiting coverage to geographical areas within which the insurance is effected is called coverage territory.

The coverage trigger is the event that must occur before a particular liability policy applies to a given loss.

A cover note is a document used to provide evidence of insurance if policy documents are not immediately available.

Formerly referred to as the "2019 novel coronavirus" or "2019-nCoV," COVID-19 is one of many types of human coronaviruses that may cause mild upper-respiratory tract illnesses.

The cradle-to-grave system is a procedure in which hazardous materials are identified and followed as they are produced, treated, transported, and disposed of by a series of permanent, linkable, descriptive documents (manifests).

Credentialing claims are a type of claim brought by a physician in which it is alleged that they have been wrongly denied staff privileges (i.e., the right to admit and treat patients) within a hospital or allied healthcare facility.

A credentialing committee within hospitals and allied healthcare facilities reviews the professional backgrounds and educational training of physicians prior to granting them permission to admit and treat patients in hospitals/allied healthcare facilities.

Credentialing liability generally arises from a hospital's wrongful denial of staff privileges to an otherwise competent, qualified physician or healthcare professional.

Credibility is an actuarial term describing the degree of accuracy in forecasting future events based on statistical reporting of past events.

Creditor group life insurance is a form of group life insurance issued to a creditor (e.g., bank, credit union) to insure the lives of its debtors in the amount of their unpaid debt.