Insurance and risk management terminology · MLC-0106

Insurance and risk management terms: A (15)

• Accessory StructureAn accessory structure is a structure which is on the same parcel of property as a principal structure and...
• ActThe National Flood Insurance Act of 1968 and any amendments to it.
• Actual Cash ValueThe cost to replace an insured item of property at the time of loss, less the value of physical depreciation.
• AdditionAn addition is an improvement that increases the square footage of a structures. These include lateral...
• Agricultural StructureA structure used solely for agricultural purposes in which the use is exclusively in connection with the...
• Alluvial Fan FloodingFlooding occurring on the surface of an alluvial fan or similar landform which originates at the apex and is...
• Alteration of a WatercourseAlterations are often made to the channels of rivers, stream, or drainageways, usually to improve drainage...
• Alternative RatingA rating method used when a building is Pre-FIRM, the Flood Insurance Rate Map (FIRM) zone is unknown, and...
• AnchoredAdequately secured to prevent flotation, collapse or lateral movement.
• AnchoringIf a proposed building site is in a flood-prone area, all new construction and substantial improvements shall...
• ApplicantAn individual or the head of a household who has applied for Federal disaster assistance. 44 CFR 206.111
• applicationThe statement made and signed by the prospective policyholder or the agent/producer in applying for an NFIP...
• Appurtenant Structure1. A detached garage servicing a 1-4 family dwelling.
• assignmentThe transfer by a policyholder of his/her legal right or interest in a policy contract to a third party. In...
• Available DataWhen a community has Zone A areas without elevation and/or floodway data, the community shall obtain, review...

15 of 272 terms in Insurance and risk management terminology (MLC-0106). Request the full dataset.