Glossary of terms used on this site
There are 154 entries in this glossary.| Term | Definition |
|---|---|
| Named Perils |
Perils specifically covered on insured property. |
| National Association of Insurance Commis |
Association of state insurance commissioners whose purpose is to promote uniformity of insurance regulation, monitor insurance solvency and develop model laws for passage by state legislatures. |
| Noncancellable |
Contract terms, including costs that can never be changed. |
| Nonstandard Auto (High Risk Auto or Subs |
Insurance for motorists who have poor driving records or have been canceled or refused insurance. The premium is much higher than standard auto due to the additional risks. |


