Cancellation:
The termination of an insurance policy usually before its expiration
Carrier:
The insurance company which provides coverage
Casualty Insurance:
Insurance that covers loss caused by injuries to persons and the legal liability imposed on the insured for injury or for damage to property of others
Certificate of Insurance:
A document providing evidence that insurance has been purchased
Claim:
A request by a policyholder or a claimant for payment under a policy of insurance
Claimant:
The person presenting a claim
Collision Insurance:
Provides for payment to a covered automobile resulting from the striking of another object by a moving vehicle
Commercial General Liability Policy (CGL):
A coverage which protects business organizations against liability claims
for bodily injury and property damage. Those claims may be the result
of events at your place of business, from your business operations,
the products or services you make or do, to communications or advertisements
your business broadcasts
Comprehensive Auto Coverage:
Covers an automobile for loss or damage for all causes except for those specifically excluded
Conditions:
Things agreed upon in an insurance policy that state the rights and the requirements of the insured and the insurer
Contract:
An agreement between two or more parties with characteristics of mutual assent, competent parties, a valid consideration and legal subject
Countersignature:
The signature of a licensed agent or representative on a policy that is required to validate the policy
