Glossary

Pleadings are the formal allegations of the respective claims and defenses by the parties to a lawsuit, consisting of a complaint, an answer, a reply to a counterclaim, an answer to a cross-claim, a third-party complaint, and an answer to a third-party complaint.

Pluvial flooding, commonly referred to as "flash floods," is principally caused by downpours in areas without adequate drainage.

A point-of-entry treatment device is one applied to the drinking water in a house or building to reduce the contaminants in the water.

A point-of-use treatment device is one applied to a single tap to reduce contaminants in the drinking water at the one faucet.

A point of service (POS) plan refers to a health maintenance organization or preferred provider organization's program that allows members to seek treatment from providers outside the network at a reduced benefit level, commonly 60 percent or 70 percent of in-plan coverage, or at a higher premium.

Police professional liability insurance provides liability coverage for police officers and police departments, in conjunction with acts, errors, and omissions while performing their professional duties.

A policy is a written contract of insurance between the insurer and the policyholder.

A policyholder is the person in actual possession of insurance policy; the policy owner.

Policyholder dividends are a return of premium, under the terms of the policy (usually a workers compensation policy), resulting from income in excess of losses and expenses.

Policyholder surplus is the difference between an insurer's admitted assets and liabilities—that is, its net worth.