Glossary

Dividend accumulation refers to dividends paid by life insurers that may be added to the cash value.

Dividend addition is an option regarding payment of dividends to insureds that is offered by some life insurers, particularly mutual companies.

Dividend options are varying ways in which insureds may elect to receive dividends under a life insurance policy.

A divisible contract clause provides that violation of the conditions of the policy at one location will not void the coverage at other locations.

A docket control system is used by attorneys to alert them to upcoming filing deadlines and statutes of limitations on specific legal actions, motions, and cases.

The Dodd-Frank Act, enacted in 2010, made dramatic, sweeping changes to the nation's financial regulatory system.

A domestic insurer is an insurance company admitted by and formed under the laws of the state in which insurance is written.

Domestic terrorism is the unlawful use of force by a group/individual operating within the United States without foreign direction committed against persons/property to intimidate or coerce a government, the civilian population, or any segment thereof, in furtherance of political or social objectives.

A domicile is the location or venue in which a captive insurer is licensed to do business.

In a captive insurance company, the domicile manager is the person whose role it is to keep the books, pay bills, record and maintain excess and reinsurance contracts, and interface with regulators.