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The LOMA Glossary

The LOMA Glossary is an essential tool for understanding principles and communicating accurately with professionals in the financial services industry — and it's available to you online!

The LOMA Glossary is a compilation of definitions from various LOMA courses; however, it is not an assigned text for any LOMA course. Sometimes a definition in The LOMA Glossary will differ somewhat from the definition in a LOMA course because of the nuances of the subject matter in the course. A learner taking an exam always should rely on the definition in the assigned text rather than the one in The LOMA Glossary.

Online access to The LOMA Glossary is subject to the Terms and Conditions shown below. To inquire about purchasing bulk quantities in print format, contact

Terms and Conditions

Copying, downloading, reproducing, republishing, transmitting, or otherwise disseminating The LOMA Glossary in any form or by any means, electronic or mechanical, without permission from LL Global is a violation of U.S. federal law and international law.

These definitions are for general informational and educational purposes only. You should consult a qualified professional for interpretation of terms in a specific contract. LL Global does not interpret insurance policies in whole or in part and LL Global is not legally responsible for any interpretation of policy or contract terms used by any insurer or any other person.

By accepting these terms and conditions, you hereby agree to not reproduce or disseminate The LOMA Glossary as noted in the copyright notice, nor to use or rely on the definitions contained in The LOMA Glossary in interpreting any particular policy or contract or groups of policies or contracts or in connection with the interpretation of a legal or insurance issue.