An unpermitted and unprivileged contact with another. Assault is an intentional, unlawful threat of bodily injury to another by force, or force unlawfully directed towards the person of another, under such circumstances as create well-founded fear of imminent peril, coupled with apparent present ability to execute the attempt; battery consists of the actual execution of the act offered in an assault – hence, the placing of the victim in fear (assault) and the actual infliction of the injury (battery) constitute what is commonly referred to as assault and battery.

Number of standards for BCP are prescribed by various agencies such as: BS 17799 Information Security Standard BS 25999 BCP Standard ISO 9000:2000 NFPA 1600 ISO 17799 Information Security Management Standard.Risk Management Versus Compliance Risk Management : Compliance Risk is the risk that the Company’s actions or inactions might result into potential regulatory interventions or regulatory actions which could adversely affect the company’s reputation. This is important risk especially in the insurance sector given that many insurance companies have been penalized by IRDAI in the recent past. Compliance risk management aims to proactively identify the compliance risks by the respective functional units, identifying the current controls and taking corrective actions to mitigate the compliance risks. The Chief Compliance Officer puts into place a framework for the purpose. The compliance with applicable regulations is the responsibility of the respective functional units viz., compliance risk management process is owned by the respective function units with the Chief Compliance Officer facilitating the process. The process requires (a) Identification of potential compliance risks (b) Rating of the risks (c) Current controls in place and evaluation of adequacy of current controls (d) Identification of new actions required to mitigate the risk (e) Projected risk rating after implementation of new actionable owner (h) Discussions with Management Committee comprising of all direct reportees of CEO on the compliance Risk Management program.

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.