Financial Responsibility Clause
Provision in automobile insurance, such as the personal automobile policy (pap), stating that a particular policy furnishes adequate coverage, the minimum of which is at least equal to that required by the financial responsibility laws in the state in which the insured is driving.
Popular Insurance Terms
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Medical check of an applicant for life or health insurance by a medical professional who is not a physician. ...
Several different types of perils covered under one policy. ...
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Re-registration of existing shares when there is any change in the name of the owner (s). Such a circumstance may occur when the owner (s) of the shares gives these shares to another ...
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