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.
Glossary of 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.