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Info Center Glossary of Terms
Glossary of terms used on this site
There are 264 entries in this glossary.N
| Term | Definition |
|---|---|
| Named Perils Coverage |
A property insurance term referring to exact causes of loss specifically listed as covered |
| National Flood Insurance Program |
A federally funded program established to make flood insurance available to properties located in participating communities National Flood Insurance Program: A federally funded program established to make flood insurance available to properties located in participating communities |
| Nonadmitted Insurer |
An insurance company that is not licensed to do business in a specific state. The insurers may write coverage through an excess and surplus lines broker that is licensed in these jurisdictions |
| Nonowned Automobile |
In commercial auto policies, coverage for autos that are used in connection with the named insured's business but are neither owned, leased, hired, rented or borrowed by the named insured. The term specifically applies to vehicles owned by employees and used for company business |
| Nonsubscription |
A Workers' Compensation term used in Texas that refers to employers who choose to be out of the workers' compensation system. Firms that are proven negligent in causing a worker's injury, can be held liable in tort, since nonsubscribing employers waive the traditional common law defenses available to employers subject to workers' compensation laws |
Info Center Glossary of Terms
