A-B-C-D-E-F-G-H-I-J-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Y-Z

D&OL:
Directors' and officers' liability 

DAC:
Deferred acquisition cost (tax) 

Debt Leverage:
The ratio of borrowed money to total capital. 

Debt/Capitalization Ratio:
The ratio of debt to debt plus equity, at a holding company level, for debt (or debt-like securities) of an issuer's holding company.

Declination:
The rejection by a life insurance company of an application for life insurance, usually for reasons of health or occupation. 

Deductible:
Amount that must be paid by the insured before benefits will be paid by the insurer. 

Deferred Annuity: Annuity payments that will begin at some future date. 

Deferred Group Annuity:
A type of group annuity providing for the purchase each year of a paid-up deferred annuity for each member of the group, the total amount received by the member at retirement being the sum of these deferred annuities. 

Delegated Underwriting:
The delegation of the insurance underwriting decision to a lender on loans made by that lender. Contract underwriting is a variant of delegated underwriting. 

Delinquency:
Failure to comply with the terms and conditions of a mortgage, usually by not making payments on time. A delinquency rate is the sum of delinquencies at a point in time divided by the total of outstanding mortgages at that time. 

Deposit Administration Group Annuity:
A type of group annuity providing for the accumulation of contributions in an undivided fund out of which annuities are purchased as the members of the group retire. 

Deposit Term Insurance:
A form of term insurance, not really involving a "deposit," in which the first-year premium is larger than subsequent premiums.  Typically, a partial endowment is paid at the end of the term period. In many cases the partial endowment can be applied toward the purchase of a new term policy or, perhaps, a whole life policy. 

Diagnosis-Related Groups (DRG):
System of determining reimbursement fees based on the medical diagnosis of a patient. 

Direct First-Year & Single Premiums:
Direct first-year and single premiums, excluding annuity and fund deposits.

Disability:
Physical or mental condition that prevents a person from performing one or more occupational duties temporarily (short-term), long-term, or totally (total disability).

Disability Benefit:
A feature added to some life insurance policies providing for waiver of premium, and sometimes payment of monthly income, if the policyholder becomes totally and permanently disabled. 

Disability Income Insurance:
Insurance that provides periodic payments when an insured person is unable to work as a result of illness or injury. 

Disability Insurance:
A form of health insurance that pays the policyholder in place of his or her usual income if the policyholder can't work because of illness or accident. Usually, policies begin paying after a waiting period stipulated in the policy, and pay a certain percentage of the policyholder's usual income. Sometimes this is provided by employers, but it's also available as a separate coverage.

Dismemberment:
Accidental loss of limb or sight.

Disposable Personal Income:
Personal income less personal tax and nontax payments; the income available to people for spending and saving. 

Dividend:
An amount of money returned to the holder of a participating policy.  The money is a partial refund of the premium paid. It results from actual mortality, interest and expenses that were more favorable than expected when the premiums were set. 

Dividend Addition:
An amount of paid up insurance purchased with a policy dividend and added to the face amount of the policy. 

DSR:
Debt service reserve 

Dual Life Insurance:
Another name for second-to-die insurance. 

Duplication of Coverage:
Coverage under two or more policies for the same potential loss.