Glossary of Terms

The Resource Center provides a glossary of insurance terms to help you understand the various insurance wordings that may appear in your quotes, cover notes & policies.

Download this guide to Understanding Health Insurance Terms

Health Insurance
Life Insurance
Property and Casualty

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

JETSAM

Goods jettisoned from a vessel.

JETTISON

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

JOINT TENANCY

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.

JURISDICTION

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

JURISDICTION CLAUSE

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.