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GLOSSARY

 GLOSSARY TERMS by Alpha
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Lapse
Larceny
Latent defect
Leasehold interest insurance
Legal liability
Level Premium Life Insurance
Level term insurance
Liability Insurance
Liberalization clause
Life expectancy
Life insurance
Limited partnership
Limited pay policy
Liquor liability insurance
Living benefits
Loading and unloading exclusion
Long-term care insurance
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Loss limit
Loss ratio
Loss trending
Lost policy release
Lum sum distribution

Leasehold interest insurance

The insurable interest is that of a tenant who has some years remaining under a favorable lease that is subject to termination upon significant damage to the leased property.

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