State Specifics
Period of time, prior to end of the term, that we are required to provide rates for the upcoming term.
;-)
Days to wink
When the standard COI isn't good enough...this old "fancy pants" document is requested
ACORD
or
ACORD COI
This coverage protects others against injury and property damage
BIPD
or
Liability
In this state, the policy must match the vehicle registrant … PERIOD
NJ
Only available in LA, MD, MN, & SC...
Premium is paid in full by a third party and the insured makes payments to the third party
OPF
(Outside Premium Finance Company)
Notification sent to the state informing of liability coverage on vehicles
Triage / State Reporting
North Carolina's version of a COI
FS1
Provides excess liability coverage to an insured for employees using their own (unlisted) vehicles incidentally in the course of the NI's business
Non-Owned
This surcharge applies when you aren't licensed in the US
FDL - Foreign Drivers License
INTL - International Drivers License (passports or Matricula Consular ID cards)
MIL - Military License
You can't cancel in the first _____ days without proof in Florida
60
Period of time, after inception, that we are given by law to decide whether we wish to accept or reject a risk for new business
Freelook
This state has their own DMV COI programmed into WFC
FL DMV COI
Provides protection to our insured in the event the at fault party doesn't have or has too little insurance
UM/UIM - UMPD
This is the regular process of insurance companies periodically reviewing their rates for accuracy
Rate Revision
Name one of the two states that we now allow Blanket WOS & AI Endorsements
Oklahoma
&
Texas
ID Cards, Dec pages & policy documents are sent out with renewal quotes in *THESE* types of states
Seamless Renewal
Or
Seamless Renewal States
Michigan ID cards are commonly known as ...
Certificate of No Fault Insurance
This coverage pays for medical injuries sustained by our insured regardless of fault
Med-Pay
Behind-the-scenes process of purposely increasing or suppressing rates to provide rate stability to our insureds
Rate Capping
UDR, unverifiable driver records, are unacceptable in this state
NY
This is the name of the code provided by the state to regulate or verify insurance
NAIC
or
ID Card Code
This *Non-Resident* ID card is mail only. Faxed, emailed, photo copies, or temporary versions are unacceptable.
Canadian ID Card
Extends certain policy coverages to a non-owned vehicle, when being driven for personal use by the NI or resident spouse
Broad Form DOC
This is the process in which we re-evaluate the insured's policy product, credit, and underwriting tier at renewal
RAR
(Remarketing at Renewal)
Delaware