Glossary

A straight life policy is an ordinary life policy or whole life policy.

A type of law aimed at countering Strategic Lawsuits Against Public Participation (SLAPP), which are suits designed to censor and silence critics.

Strategic risk refers to exposure to uncertainty arising from long-term policy decisions.

Stray risk insurance covers one voyage or a single venture.

Strict liability is a legal doctrine under which liability is imposed upon the party who is found strictly liable for the injuries of damages even if that party was not at fault or negligent. It is liability imposed without regard to fault.

A strike-through clause is a reinsurance contract provision requiring a reinsurer to pay its share of a loss directly to the insured in the event that the ceding insurer becomes insolvent.

Strikes, riots, and civil commotion warranty (SR&CC) is an ocean marine coverage provision that excludes damage from strikes, riots, civil commotions, lockouts, vandalism, and sabotage, including terrorist acts and any other acts carried out for political or ideological purposes.

Strike coverage is a type of specialty business interruption insurance covering loss resulting from interrupted operations caused by a labor strike.

Within the context of put and call options based on an index, the "strike price" is the price of the option that determines its value (or lack of value) at settlement.

Structural risk modeling methods are based on explicit cause and effect relationships, not simply statistical relationships such as correlations.