Wholly owned subsidiary of the Motor Insurers’ Bureau that tackles the crime of uninsured driving. MIIC has created the Motor Insurance Database – the platform for achieving its objective. This database also enables the MIIC to fulfil the role of national information centre as required by the Fourth EU Motor Insurance Directive to make cross-border claims less onerous. (Visit www.miic.org.uk).

ABI-based computerised log of all total loss and theft of vehicle claims. Insurance companies and Lloyd’s participate in the scheme, which assists in tracing and recovering vehicles. MIAFTR links directly with DVLA facilitating loss history checks by the public. It also checks vehicles against hire purchase information to ascertain if the insured still has a debt.

Private company established to enter into Agreements with the government to compensate the victims of negligent uninsured and untraced motorists. Every insurer underwriting compulsory motor insurance is obliged to become a member and contribute to the funding. The UK Guarantee Fund compensates victims of the motorists concerned when there is no other source of compensation. MIB also acts as the UK Green Card Bureau to ensure that the system operates satisfactorily in the UK. See UNINSURED DRIVERS AGREEMENT; UNTRACED DRIVERS AGREEMENT.

Helps the motor insured to: (a) pursue uninsured loss claims, including personal injury, against third parties; (b) defend motoring prosecutions; (c) handle disputes regarding vehicle sales, repairs, etc; (d) access a legal helpline. Cover may extend to free car hire, replacement car facility and rescue/recovery in the UK.

Liability arising from use of waterborne craft is excluded in public liability policies as per the marine and aviation exclusion. In Bankers Insurance Co. Ltd v. South and Another (2003) a jet ski was held to be a motorised craft so the liability under the policy was excluded. Jet ski liability is also excluded under personal liability insurance.

In marine insurance this means any movable tangible property, other than the ship, and includes money, valuable securities and other documents unless the context or subject-matter indicates otherwise’ (Marine Insurance Act 1906, s.90).

An extended warranty covering domestic appliances as chosen by the insured and is not related to a particular contract of sale as with a connected contract. The policy is renewable annually and is usually issued by an insurer and not a retailer.

Marine and transit insurance term used where a single movement of goods involves different insurers in different parts of the transit.