13. Glossary

Insurance

Direct action – Action (or right) of an injured party (or victim) against the insurer of the liable party for compensation.

Apétiteur – Insurance company acting on behalf of all insurers under a group contract.

Existing – Old parts of a structure being rehabilitated, repaired and/or transformed.

Reinsurance – Contract between an insurer and others covering the former's share of the risks under a contract.

Recourse – Action by the injured party or victim against the party presumed liable.

Revaluation – Revaluation of a value due to changes in certain variables.

Risk – Uncertain event likely to cause loss and which may be covered by insurance.