Glossary

Restitution of fees occurs when a client seeks to recover fees paid a professional for services that when rendered resulted in the client suffering a financial loss due to a negligently performed professional service.

A restoration of limits provision is when a scheduled item has been lost or destroyed, there is nothing left to insure.

Results standards focus on the achievement of certain goals without regard to the activities required to achieve those goals.

A resumption plan is a plan for actions to be taken to recover critical business functions but not all aspects of the business.

Res ipsa loquitor is Latin for the "the thing speaks for itself." This is a legal doctrine used to assess liability (often against professionals) when there is no evidence of negligence with respect to how an injury took place.

Res judicata is Latin for "a thing adjudicated." It is the principle that a cause of action may not be relitigated once it has been judged on the merits.

A retail agent is an insurance agent who acts as an intermediary between an insured and the marketplace.

Retail insurance covers liabilities such as customer slips and falls, property damage, theft, and employee injuries and illnesses.

Retaliation claims result when an employee alleges discrimination based on protected status (e.g., race, gender, disability) and, in retaliation for making such a claim, the employee is treated adversely (e.g., the employee receives a demotion).

Retaliatory law is a state law providing that another state will be treated in the same terms that the home state is treated by the foreign state in dealings with insurance.