In transit

The goods in transit insurer covers goods while in transit and temporarily housed during the course of transit. Transit begins when the goods start to move, i.e. when they are loaded. The insurer was liable when goods were stolen from a loaded vehicle on his premises even though the journey had not commenced. The argument that the goods were not in transit failed (Sadler Bros. Co. v. Meredith (1963). In Crows Transport v. Phoenix (1965) it was held that, unless the policy otherwise provides, transit commences the moment the carrier accepts the goods. Transit does not end when the vehicle reaches its destination. In Tomlinson v. Hepburn (1961) it was held that transit only came to an end when the unloading was completed.

In-admitted Asset

Any asset prohibited from being included in regulated asset as reported by the Insurance Company to the Government’s Insurance Regulatory Authority. These in admitted assets are presumed to have little value to meet claims in case of liquidation of the Insurance Company.

In-area

Within the geographical boundaries defined by a health maintenance organization as the area in which it will provide medical services to its members.

In-Bond

A customs program for inland ports that provide for cargo arriving at a seaport to be shipped under a Customs bond to a more conveniently located inland port where the entry documents have been filed. Customs clears the shipment there, and the cargo is trucked to its destination, which normally is close to the inland port.

In-car Internet for Motor

There are systems that allow for surfing using cell phone technology. Using a portable router mounted in the trunk or other out of the way location the system uses a 3G network to supply an uninterrupted signal regardless of cell tower blind sports, tunnels and so forth. In addition to the router, there is a monthly subscription fee based on estimated usage. Different systems dovetails several technologies into an integrated system can complete a variety of tasks from maintaining tool inventory to sending out invoices, creating spreadsheets and surfing the internet through the Sprint Mobile Broadband Network.

In-car Technologies for Motor

Strong interest in new in car technologies by consumers in emerging economies could influence demand, decelerate rollout of next generation connected vehicle. The technologies includes (i) Navigation and traffic services (ii) A range of autonomous driving aids, (iii) In-car service, including entertainment (a) work tools and learning, (b) safety services (c) Black box type monitoring of a person’s driving patterns that can help reduce insurance premiums and a number of (d) passenger related services. Services also to include safety of driverless cars, land changing warning system, collision warning systems, lane-keeping systems, automatic braking systems that prevent hitting an object and faulty automatic parking.