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Fundamentals of Risk and Insurance, 11th Edition by Therese M. Vaughan, Emmett J. Vaughan

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Abandonment the act of surrendering to the insurer all interest in the thing insured; it is generally conceded that damaged property cannot be abandoned to the insurer. One notable exception to this general rule occurs in ocean marine, where abandonment is merely one step in proving a loss.

Absolute Liability a legal doctrine under which one can be held liable even in the absence of negligence having been proven, as in the case of workers compensation.

ACA see Patient Protection and Affordable Care Act.

Accelerated Benefits an optional benefit under life insurance policies under which the insurer agrees to prepay a part of the death benefit if the insured is stricken by a catastrophic illness or is confined to a nursing home.

Acceptance agreeing to terms by means of which a bargain is concluded and the parties are bound; the binding of an insurance contract by the insurer.

Accident an event or occurrence that is unforeseen and unintended.

Accident Insurance a form of health insurance against loss by accidental bodily injury.

Accidental Bodily Injury injury to the body of the insured as the result of an accident.

Accidental Death Benefit a provision added to a life insurance policy for payment of an additional benefit in case of death by accidental means; it is often referred to as “double indemnity.”

Accidental Means appearing in some policies, the unexpected or undesigned cause ...

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