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Glossary I-K



ICC Termination Act of 1995

identity theft coverage

idiopathic injury




immediate annuity

immediately dangerous to life and health (IDLH)

impaired property

impaired risk


impairment capital


implied authority

implied warranty

improvements and betterments

in camera proceedings

inchmaree clause

incidence of ownership

incidental malpractice

incident reporting provision

incontestable clause

incorporation doctrine

increased cost of construction

increased limit factors

increased limits table

incurred but not enough (IBNE)

incurred but not reported (IBNR) losses

incurred expense

incurred losses

incurred loss ratio

incurred loss retro






indemnity bond

indemnity clause

indemnity contract

indemnity payments

independent adjuster

independent agency system

independent contractor

independent directors policies

independent medical evaluation (IME)

independently filed form


index-based contracts

index bureau

indexed deductible

indexing, indexation

indirect damage loss

individual practice association

Individual Risk Premium Modification (IRPM)

industrial hygiene control

industrial insured

industrial insured group

industrial life insurance

inflation factor

inflation guard provision

informal retention

information page

Information Practices Act (SB 1386)

informed consent

inherent defects insurance (IDI)

inherent vice

in-house counsel

initial premium

initial public offering (IPO)

inland marine coverage

innkeepers legal liability

in rem endorsement

inside adjuster

inside directors

insider trading

insolvency clause

inspection bureau

inspection fees

inspection reports

installation floater

installment settlement

installment tail coverage


insurable interest


insurance agent's errors and omissions

insurance commissioner

insurance contract

insurance department

insurance examiner

insurance exchange

Insurance Information Institute (III)

Insurance Institute for Highway Safety (IIHS)

insurance line

insurance policy

Insurance Regulatory Information System (IRIS)

insurance requirements

insurance risk

insurance risk management

insurance risk score

insurance risk scoring

Insurance Services Office, Inc. (ISO)

insurance to value



insured contract

Insured Fixed-Price Cleanups (IFCs)

insured versus insured exclusion


insurer insolvency exclusion

insurer-sponsored agency captive

insuring agreement

integrated disability management (IDM)

integrated excess policies

integrated risk

intellectual property

intellectual property defense cost reimbursement insurance

intellectual property infringement abatement insurance

interchange agreements

interest rate risk

interim bill

interim (permit) status

inter-insurance exchange


interlocutory appeal


intermediary clause


Intermodal Surface Transportation Efficiency Act (ISTEA) of 1991

International Fuel Tax Agreement (IFTA)

International Registration Plan (IRP)

international reverse business

interpolicy stacking

interrelated claims provisions


interstate commerce

Interstate Commerce Act

Interstate Commerce Commission (ICC)

Interstate Commerce Commission (ICC) Termination Act of 1995

interstate experience rating

intrafamily immunity

intrapolicy stacking

intrastate commerce

intrastate experience rating

invasion of privacy

Investment Company Act of 1940

investment income

investment risk


IPO laddering claims


irrevocable beneficiary

irrevocable letter of credit (ILOC)


issued business





jewelers block insurance

job safety analysis (JSA)

joint and several liability

joint and survivorship annuity

joint annuity

Joint Commission on Accreditation of Healthcare Organizations (JCAHO)

joint defense

joint employer

joint insurance

joint underwriting associations

joint venture

joisted masonry construction

Jones Act (Merchant Marine Act of 1920)

judgmental immunity

judgment rates

jumping juvenile insurance

jump process





Kenney ratio

Keogh Act Plan

key man insurance

kidnap/ransom insurance

known loss provision

known loss rule

Kotecki waiver


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Our Location

Santa Maria & Company

1550 Parkside Drive, Suite 200
Walnut Creek, CA 94596
Main office: 925-956-7600
Toll free: 866-921-3347
Fax: 925-956-7601

Our Providers


I found the rare breed of insurance company that fights for you and stands by you. If you are looking for an insurance company that has integrity and amazing customer service, I would hands down, wholeheartedly recommend Santa Maria

Eli I., Remodeling Contractor
As a home builder in Northern California, I have endured numerous complicated issues while trying to protect my business from unforeseen liabilities, satisfying the multiple requirements of individual municipalities, and doing so at a reasonable expense. Santa Maria and Company has been instrumental in these dealings by providing quality advice, creative alternative solutions, and excellent service.

Dennis C., Home Builder
Santa Maria & Company helped guide our business through a difficult time by being proactive, informing us of potential obstacles, and avoiding surprises. Their customer focus has clearly covered the present, the future, and the 'what if' conditions that all businesses must deal with. We feel that our company is very well prepared to handle our complicated risk-related issues because of their support and guidance.

Robert M., Equipment Manufacturing Executive
The company is sincere, honest, always looking out for our best interests. They continually work to understand our business, to develop strategies to mitigate our exposure. That gives us a real competitive advantage.

Shaun M., Food Industry Risk Manager
Santa Maria & Company has helped us solve some tough insurance challenges, but they continue to identify emerging risks, such as cybercrime, and help us protect against them. Their customer service is fantastic.

Jeff B., Medical Industry CFO
This company knows the local insurance market better than the larger brokers ever could. They are true experts who take the time to explain all of our coverage options and help us make the right decisions. It's almost like having an insurance professional on staff.

Matt A., Food Industry Executive
It is a real advantage to work with risk insurance experts that have underwriting experience. Since we have been working with Santa Maria, we've grown a great deal and other companies are always trying to win our business. Santa Maria has the expertise in insurance and high tech industry risks that we need and their personal service is excellent.

Cynthia G., Technology Industry Executive