Definitions
Term Definition
Named Insured
The person in whose name an insurance policy...See Full Definition
Named Peril
Peril specifically mentioned as covered in an insurance...See Full Definition
National Flood Insurance Program - (NFIP)
Federal government-sponsored program under which flood insurance is...See Full Definition
Net Annuity Cost
A monetary amount equal to the present value...See Full Definition
Net Payment Cost Comparison Index
A cost comparison index used to compare life...See Full Definition
No-Fault
Auto insurance coverage that pays for each driver's...See Full Definition
No-Fault Insurance
Type of insurance in which the insured's own...See Full Definition
No-Fault Medical
A type of accident coverage in homeowners policies....See Full Definition
No-Fault State
Any state that has at least some form...See Full Definition
No-Pay No-Play
The idea that people who don't buy coverage...See Full Definition
Non-Admitted Assets
Assets that are not included on the balance...See Full Definition
Non-Admitted Insurer
Insurers licensed in some states, but not others....See Full Definition
Non-Cancellable Policy
An individual health insurance policy which stipulates that...See Full Definition
Non-Forfeiture
If you cancel a cash value policy after...See Full Definition
Non-Forfeiture Options
The various ways in which a contract owner...See Full Definition
