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Glossary of Terms

Provided solely for your information, these terms provided on this page can help you to better understand some of the archaic terms that are often found in the fine print of insurance policies. In instances where the definition varies from that of your actual policy, the definition in your policy should take precedence.

When you visit the Canadian Life and Health insurance Association website, some of the terms you will find include:

  • Act of God
  • Actual Cash Value
  • Certified Copy
  • Claims Made Basis
  • Consequential Loss
  • Deductible
  • Earned Premium
  • Inherent Vice
  • Lien
  • Like Kind and Quality (LKQ)
  • Loss Payable Clause
  • Money and Securities (Broad Form) Rider
  • Multiperil Policy
  • Notice of Loss
  • Pair and Set Clause
  • Tort
  • Umpire
  • ...and many more!


If you have questions about a particular plan, please feel free to contact us at any time.

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