The LOMA Glossary
The LOMA Glossary of Insurance and Financial Services Terms clarifies the specialized meanings of the terminology used in life and health insurance and financial services. Both industry novices and industry experts will find this glossary an essential tool in understanding industry principles and in communicating accurately with professionals in the financial services industry.
Access to the Glossary is provided as a benefit of LOMA membership, and available only to logged-in visitors to the site. If you’re not logged in now, or this is your first time accessing members-only content, visit the link below to get started.
Terms and Conditions
The LOMA Glossary is a compilation of definitions from various texts produced by LOMA; 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 text because of the nuances of the subject matter in the text. A learner taking an exam always should rely on the definition in the assigned text rather than the one in the LOMA Glossary.
By clicking on the link below, you hereby agree not to reproduce or disseminate the LOMA Glossary as noted in the copyright notice paragraph and not 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.
People who work in one area of an insurance or financial services organization usually learn the terminology used in their own area, but may be unfamiliar with the terms commonly used in other areas of their own companies and in other segments of the industry. To enhance understanding of the entire panorama of financial services activities, LOMA’s Glossary spans every company area and presents clear, concise definitions, many with specific examples.
The insurance and financial services industry also uses dozens of acronyms, many apparently similar to one another. This glossary quickly directs readers to the full definitions of the terms referred to by such potentially confusing acronyms as DAC, DCAT, DFA, DPAC, DPSP, DRGs, and DST, to name only a few.
In addition, LOMA’s Glossary distinguishes among and carefully defines the primary functions of dozens of industry organizations. The numerous cross-references help readers to locate information easily and to understand the often complex links among industry concepts.
As an industry leader, LOMA continually gathers new industry terminology and revises existing definitions as the industry changes. We welcome your suggestions to help make LOMA’s Glossary an even more comprehensive and useful reference. Please send your suggestions and comments to
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.