Glossary

Directive on data protection (Directive 95/46/EC) was a European Union (EU) directive adopted in 1995 that was used as the basis for data protection laws of all EU member nations and that prohibited transfers of personal data to countries without "adequate" data protection.

Directors and officers (D&O) liability insurance is a type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer.

A direct action is a lawsuit between an injured party and the insured tortfeasor's liability insurer for payment under a liability policy.

Direct damage is physical damage to property, as distinguished from time element loss, such as business interruption or extra expense, that results from the inability to use the damaged property.

Direct damage coverage is property insurance that pays the value of property, or the cost to repair or replace it, when it has been damaged by a covered cause of loss.

A direct discharger is a municipal or industrial facility that introduces pollution into the environment through a defined conveyance or system, such as outlet pipes or smokestacks.

Direct filtration is a method of treating water that consists of the addition of coagulant chemicals, flash mixing, coagulation, minimal flocculation, and filtration.

Direct loss is incurred due to direct damage to property, as opposed to time element or other indirect losses.

The direct market refers to reinsurers that deal with the cedent through their account executives rather than through intermediaries.

Direct premiums refer to the gross premium income for coverage under policies issued by the captive.