State-sponsored insurance pools that sell property coverage for the peril of windstorm to people unable to buy it in the voluntary market because of their high exposure to wind damage produced by hurricanes. Seven states (AL, FL, LA, MS, NC, SC, TX) offer these plans to cover residential and commercial properties. Georgia and New York provide this kind of coverage for windstorm and hail in certain coastal communities through other property pools. Insurance companies that sell property insurance in the same state are required to participate in these plans. Insurers share in profits and losses. (See Fair Access to Insurance Requirements Plans/Fair Plans; Residual Market).

Sometimes known as windstorm plans or pools, these are plans devised by coastal states to insure the windstorm exposure of coastal properties. The plans operate in a manner similar to a joint underwriting association with participation by all insurers operating within a state.

Molten and reformed metal found on the sides or end of a wire, which arced or was involved in a fire. Often considered evidence of an electrically caused fire.

A policy the proceeds of which are expressed as payable to whomsoever holds it.