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.
21st Edition

ISBN Number: 1-56461-271-6
PRODUCT Number: 30401
(c)2006 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.

The changes added to this edition involve additional terms related to a variety of topics, including risk management, insurance-related laws, insurance groups and associations, and insurance designation acronyms. We have also added several new supplemental glossaries.

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

Certified Fraud Examiner National Alliance for Insurance Education and Research
CIDM NCIGF
IDMA Protected Cell Captive
Insurance Fraud SRMC
MAIIF Telemetrics

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, 2006

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.