To be eligible for the Good Drivers Discount all operators of the insured vehicles must have been licensed for three or more year, have no more than a one (1) point charge on their driving record and has not been determined “at fault” in an accident resulting in bodily injury or death to any person.
Insurance Encyclopedia
Good driver discount (Vehicle Insurance)
A discount given to drivers who qualify as good drivers under certain criteria; for example, amount of tickets issued to the driver or the length of time the driver has had the license.
Good faith
UK: Acting honestly. It means the absence of fraud, but falls short of the doctrine of utmost good faith.
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Lack of fraudulent acts or intentions. In general all contracts are subject to good faith. Compare with “Utmost good faith.”
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Most ordinary contracts are good faith contracts. Insurance contracts are agreements made in the utmost good faith. This implies a standard of honesty greater than that usually required in most ordinary commercial contracts.
Good health provision
Rider in some group credit policies making a policy void if the insured was not in good health when the application was signed or delivered, whichever was mentioned in the contract.
Good Samaritan Law
Statute of Common Law providing that one who sees a person in imminent peril because of another’s negligence cannot be charged with contributory negligence when attempting a rescue, provided the attempt is not reckless or rash.
Good Samaritan laws
Laws that provide legal protection to those offering aid to those who are or are assumed to be ill, injured, or otherwise in peril.
Good student discount
The reduction of an automobile premium for a young driver who ranks in the upper percent of his class or maintains a grade point average above a certain level.
Goods
In marine insurance this means ‘goods in the nature of merchandise. It does not include personal effects or provisions and stores for use on board (Marine Insurance Act 1906, Schedule, Rules for Construction of Policy, rule 17). This rule also provides that deck cargo and living animals must be specifically insured and not insured as goods unless it is customary to do so.
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Goods mean goods in the nature of merchandise and does not include personal effects or provisions and stores for use on board.
Goods …… in trust or on commission
‘Goods in trust’, when written in a policy, does not imply a technical trust but includes holding goods as a bailee. ‘Goods held on commission’ has a more restricted meaning and refers to property entrusted to the insured for the purpose of sale. The phrase as a whole is wide enough to cover not only the insured’s interest but also the full value of the goods. Any sum the insured recovers above his own interest is held in trust for the owners. See GOODS IN TRUST OR ON COMMISSION FOR WHICH THE INSURED IS RESPONSIBLE; ON GOODS.
Goods Carrying vehicles for Motor
These were earlier classified as “Private Carrier” and “Public Carrier” and are used for commercial purposes. According to the Motor Vehicles Act, 1988, goods carrying vehicle is called “Goods Carriage.” There is no categorization of Public Carrier and Private Carrier. However, they are still classified as public and private carrier for rating purposes under Class A.