A clause, in an insurance or reinsurance contract, which defines the area of legal authority in which any disputes between the parties shall be settled.

A legal term referring to an action against an object or thing.

A written statement about someone which is personally injurious to that individual.

The limit or extent within which the powers of a legal authority concerned with the administration of justice may be exercised.

A legal term referring to legal action against an individual.

Expression of the extent of coverage separately: per accident/per person (or occurrence) for Bodily Injury; Per Accident (or occurrence) for property damage.

Ownership of property shared equally by two or more parties, under which the survivor assumes complete ownership. This is different from a tenancy in common where the heirs of a deceased party to the tenancy inherit his or her share.

A branch of the insurance business which developed from the insuring of shipments which did not involve ocean voyages. Also known as ‘Goods in Transit’ insurance.

The sum or sums beyond which an Insurance Company does not protect the Insured on a particular policy.

Casting property overboard to lighten a vessel in time of peril.