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.

26th Edition

ISBN Number: 978-1-56461-313-4
PRODUCT Number: 30401
(c)2011 The Rough Notes Co., Inc.

All rights reserved. Production or distribution, whether in whole or in part, in any form of media or language, and regardless of the country, state or territory, is expressly forbidden without written consent of The Rough Notes Company, Inc.

Printed in the United States of America
By The Rough Notes Company, Inc., Carmel, IN 46032

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

As has been the case with previous editions, many changes have been made, including a new, supplemental glossary on wine-making, as well as additional terms regarding risk management, alternative risk transfer and relevant insurance group acronyms.

Below is a small segment of the new words and terms now a part of this glossary:

AFNI pandemic coverage
cyber forensics pep plans
extra contractual obligations (ECO) subrogation manager

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.

Bruce D. Hicks, Senior Editor

Carmel, Indiana

February, 2011

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.