US: A statutory provision requiring owners of automobiles to provide evidence of their ability to pay damages arising out of the ownership, maintenance, or use of an automobile.
*****
Financial responsibility law (particularly applicable to Automobile Insurance in various States in USA) is a law which requires an individual to prove that he or she is able to pay for damages resulting from an accident. A financial responsibility law does not specifically require the individual to have insurance coverage; instead, the law requires the individual to be able to demonstrate the financial capacity to pay, even if the individual is not at fault. This type of law is commonly associated with automobiles. Financial responsibility laws exist because not all states have a compulsory insurance law. However, many states consider an individual with an insurance policy to be compliant with a financial responsibility law, since most insurance policies have a minimum coverage that meets the state standard.
*****
When applied to automobile operations, this term signifies the minimum statutory limits of an operator’s responsibility for bodily injury and property damage caused by negligent operation of the vehicle.

a demand made by a policyholder reporting an insured event directly to his company.

An insurance coverage under which the policyholder collects compensation for losses from the insured’s own insurer rather than from the insurer of the person who caused the accident.

Insurance policies that cover property that can be moved from one location to another for both transportation perils and perils affecting property at a fixed location.

US: A document prepared in a prescribed arrangement of words and layout. A rider, policy, endorsement, or application—all of these are forms.
***
A document that completes a policy. This term can also mean an endorsement or rider.
***
Pre-printed document attached to an Insurance Policy giving details of the insured exposure or tailoring the coverage to a specified exposure. Also, any rider or endorsement, such as a deductible endorsement form.
***
The central document or documents of an insurance contract. Forms may be altered by endorsement.

An insurer that issues a policy and cedes all or a substantial part of the risk to another insurer. Certain types of statutory coverages requiring evidence of insurance from admitted insurers are fronted and reinsured by captives. A “pure front” is one that delegates underwriting and claims handling authority to the reinsurer or a managing general agent (MGA). Most insurers that front for captives are not pure fronts.
****
An insurer that issues a policy and cedes all or a substantial part of the risk to another insurer. Certain types of statutory coverages requiring evidence of insurance from admitted insurers are fronted and reinsured by captives. A &#8220pure front&#8221 is one that delegates underwriting and claims handling authority to the reinsurer or a managing general agent (MGA). Most insurers that front for captives are not pure fronts.

Insurance covering the legal liability of franchised and non-franchised automobile, truck, truck-tractor, motorcycle, recreational vehicle, and trailer dealers for claims of bodily injury (BI) and property damage (PD) arising out of business operations. It includes two separate insuring agreements, “who is an insured” provisions, and “limit of insurance” provisions—one dealing with garage operations involving the ownership, maintenance, or use of autos and the other dealing with all other garage operations.

US: Coverage that pertains, for the most part, to claims arising out of the insured’s liability for injuries or damage caused by ownership of property, manufacturing operations, contracting operations, sale or distribution of products, and the operation of machinery, as well as professional services.
****
US: Insurance protecting commercial insureds from most liability exposures other than automobile and professional liability.
****
MEDICAL,USA,REFERENCE: See: commercial general liability insurance (CGL) and commercial lines .
****
REFERENCE See: Commercial general liability.

US: A property insurance policy covering breakage of building glass (such as windows) regardless of cause. The 2000 edition standard property insurance policies provide very limited coverage for glass breakage.
****
UK: Breakage of all types of glass (e.g. wired and embossed plate, figured glass, etc.). The insurers will make good or pay full replacement value, including shop fronts with lettering. Any breakage insurable under a fire policy or caused by explosion is excluded. Fixed glass in dwellings is insured under household comprehensive policies.
****
MEDICAL,USA: Insurance coverage for breakage of glass items caused by all risks but subject to exclusions of war and fire.
****
Popularly known as Plate Glass Insurance. The Policy covers loss or damage to the plate glass occasioned by breakage from almost any peril. However, Fire is usually excluded because it is covered under any basic property policy and war is excluded. The maximum indemnity is value of the glass at the time of occurrence of loss or insured’s estimate of value mentioned in the Policy, whichever is less. The word “breakage” will not include scratches, disfiguration, discoloration of damage other than fracture extending through the entire thickness of the glass.
****
US: Protection for loss of or damage to glass and its appurtenances.

A fund, derived from assessments against solvent insurance companies, to absorb losses of claimants against insolvent insurance companies.
***
Established by law in every state, guaranty funds are maintained by a state’s insurance commissioner to protect policyholders in the event that an insurer becomes insolvent or is unable to meet its financial obligations. The funds are usually financed by assessments against all property and liability insurers regulated by a state.