Noninsured Driver
Definition of "Noninsured driver"
Operator with no liability insurance. If a non-insured driver hits another car, the victim sometimes has no recourse against the driver. For this reason, many motorists carry uninsured motorist coverage, an endorsement to the personal automobile policy (pap) that covers them if they are involved in a collision with a driver without liability insurance. Some states also maintain an unsatisfied judgment fund to pay claims to innocent victims of automobile accidents.
Popular Insurance Terms
Same as term Expiration File: agents' records showing when clients' policies expire. ...
Restoration of a policy that has lapsed because of nonpayment of premiums after the grace period has expired. In life insurance the reinstatement time period is three years from the premium ...
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Policy of variable universal life insurance (VUL) under which, if the accumulation of the premiums paid at any point in time (minus policy loans, and withdrawals) equals or exceeds the ...
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One premium payment made to fund the future benefits of a group of employees. ...
Life insurance policy provision stating that after the death of an insured, the proceeds from a policy are not immediately paid to the primary beneficiary; instead, they are delayed for a ...
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