A clause that requires the insured to carry insurance equal to at least a specified
percentage of the insured's property value.
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Coinsurance clause
The initial report notifying the insurer of a claim.
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First Notice of Loss (FNOL)
,An interest in the subject of an insurance policy that is not unduly remote and that
would cause the interested party to suffer financial loss if an insured event occurred.
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Insurable interest
A form of compensatory damages that awards a sum of money for specific,
identifiable expenses associated with the injured person's loss, such as medical
expenses or lost wages.
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Special damages
In model performance evaluation, a model's correct positive predictions divided by
its total positive predictions.
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Precision
A pretrial exchange of all relevant information between the plaintiff and defendant.
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, Discovery
A network of objects that transmit data to each other and to central hubs through the
internet.
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Internet of Things (IoT)
A set of rules established to ensure that civil actions and procedures move through
the United States district courts as quickly as possible.
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Federal Rules of Civil Procedure
A ratio that measures losses and loss adjustment expenses against earned premiums
and that reflects the percentage of premiums being consumed by losses
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Loss ratio
A method of setting claim reserves by using a mathematical formula.
percentage of the insured's property value.
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Coinsurance clause
The initial report notifying the insurer of a claim.
Give this one a try later!
First Notice of Loss (FNOL)
,An interest in the subject of an insurance policy that is not unduly remote and that
would cause the interested party to suffer financial loss if an insured event occurred.
Give this one a try later!
Insurable interest
A form of compensatory damages that awards a sum of money for specific,
identifiable expenses associated with the injured person's loss, such as medical
expenses or lost wages.
Give this one a try later!
Special damages
In model performance evaluation, a model's correct positive predictions divided by
its total positive predictions.
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Precision
A pretrial exchange of all relevant information between the plaintiff and defendant.
Give this one a try later!
, Discovery
A network of objects that transmit data to each other and to central hubs through the
internet.
Give this one a try later!
Internet of Things (IoT)
A set of rules established to ensure that civil actions and procedures move through
the United States district courts as quickly as possible.
Give this one a try later!
Federal Rules of Civil Procedure
A ratio that measures losses and loss adjustment expenses against earned premiums
and that reflects the percentage of premiums being consumed by losses
Give this one a try later!
Loss ratio
A method of setting claim reserves by using a mathematical formula.
