The Federal Bureau of Investigation defines this term as “the unlawful use, or threatened use, of force or violence by a group or individual based and operating entirely within the United States or its territories without foreign direction committed against persons or property to intimidate or coerce a government, the civilian population, or any segment thereof, in furtherance of political or social objectives.” Distinguishing between domestic and foreign acts of terrorism is important because the Terrorism Risk and Insurance Act (TRIA) only applies to acts of foreign terrorists.
Insurance Encyclopedia
Domicile
1. Location of the permanent home or legal residence of an individual and, if absent, the individual has the intention of returning to. 2. Jurisdiction and site where a business or corporation maintains its headquarters and conducts its corporate affairs.
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The location or venue in which a captive insurer is licensed to do business. There are a number of factors that must be considered in selecting the best domicile for a given captive, including capitalization and surplus requirements, investment restrictions, income and local taxes, formation costs, acceptance by fronting insurers and reinsurers, availability of banking and other services, and proximity considerations.
Domiciled
Refers to the state in which an insurance company receives a license to operate. The company is then regulated by that state’s department of insurance.
Domiciled company
Insurance carrier whose head office is in the same state as the individual referring to it.
Domiciliary care
See: adult foster care (AFC) and assisted living center (ALC) .
Domino Theory
See: “Loss control, Domino Theory.”
Donkey Insurance
The Policy covers indigenous, cross bred and exotic drought and half drought donkeys used for carrying weight, cart work etc. and provides compensation against death due to accident and/or disease contracted or occurring during the Policy period.
Donor
Person who gives or contributes living tissue to be used in another body (e.g., blood for transfusion or a kidney for organ transplantation).
Donut hole
See: coverage gap and doughnut hole .
Doomed from the start
Lord Fraser’s expression in the House of Lords case of Pirelli v. Oscar Faber & Partners (1983). Held: the cause of action, in property damage claims based on negligence, accrued at the time of the damage and not the time of discovery/discoverability for the purpose of the six-year limitation period. Lord Fraser qualified this by saying that a building could be so defective as to be ‘doomed from the start’ so causing the time to run from completion. Lord Fraser’s qualification created the risk that owners of properties with latent defects could run out of time even before sustaining or discovering damage. The Latent Damages Act 1986 remedies the problem.