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L-Share Variable Annuities

Laddering

Law of Large Numbers

Layer

Layering

Lead Reinsurer

Letter of Credit (LOC)

Leverage

Levered Return On Equity

Liability Insurance

Lien

Life Insurance

• See Ordinary life insurance; Term Insurance; Variable life insurance; Whole life insurance

Limits

Line

• Type or kind of insurance, such as personal lines.

Line Guide

• See Line Sheet

Line of Business

Line Sheet

Liquidation

Liquidity

Liquor Liability

Lloyd’s Of London

Lloyds

Long Tail

Long-Term Care Insurance

Loss

Loss Adjustment Expense

Loss Conversion Factor

• See Loss Loading or “Multiplier”

Loss Costs

Loss Development

Loss Event

Loss Loading or “Multiplier” (Also Loss Conversion Factor)

Loss of Use

Loss Rating

Loss Portfolio

Loss Ratio

Loss Ratio Coverage

• See Aggregate Coverage.

Loss Reserves

Losses in Excess of Policy Limits