© Copyright 2002

The Rough Notes Company, Inc., is dedicated to the advancement of insurance professionals. It is our conviction that the insurance professional should be provided with accurate industry tools. With this objective in mind, we have formed alliances with industry experts who have assisted with the essence of this glossary. The publisher, therefore, must be held harmless of any damages caused by varying interpretations.

Added New Material

In addition to the new words and acronyms, we have also appended several smaller glossaries. We chose to add, rather than incorporate, the lists since they are not insurance terms. The glossaries feature subjects that are commonly protected by insurance (such as autos, furs and coins) or are related to insurance (such as legal terms).

It is the sincere desire of The Rough Notes Company, Inc., to provide our customers with the resources to enhance their ability to serve the insuring public. This publication is but one of many published by The Rough Notes Company, Inc., that we hope assists in achieving that goal.

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language, and no matter what country, state or territory, is expressly forbidden without written consent of The Rough Notes Company, Inc.

As an industry standard, Insurance Words And Their Meanings has been continuously updated and modernized for nearly 50 years. The goal since its origin in 1954 is to provide insurance personnel with a resource to increase their proficiency and professionalism.

Hundreds of changes have been made to this edition. Many property-casualty, reinsurance, and pension words have been added and the full names and sponsoring groups for many designation acronyms have been included.

The Rough Notes Technical & Educational Department

Carmel, Indiana

February, 2003