GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Waiver

Waiver- 1) Legal concept that holds a party who intentionally or voluntarily relinquishes a known right, claim, privilege, or the opportunity from taking advantage of that relinquishment; 2) in insurance practice, a pre-event relinquishment of the right of one or both parties’ insurers to seek recovery from a culpable party for loss payments made to the insured.

Do you need an answer immediately?

Check out our FAQ page!

INSURANCE
PRODUCERS!

We want to hear from YOU!

Be part of our Producer Profile survey and help us create a rich industry resource detailing performance, compensation, sales production, education, training, and more.