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GLOSSARY

GLOSSARY TERMS by Alpha
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Named insured
Named non-owner policy
Named peril coverage
National Association of Insurance Commissioners (NAIC)
National Association of Insurance Women (NAIW)
National Council on Compensation Insurance (NCCI)
National Flood Insurance Program (NFIP)
Negligence
Net loss
No-fault
No-Fault Auto Insurance
Non medical insurance
Nonparticipating life insurance policy
Nonrenewable
Notice of loss

Named insured

The party or parties specifically named as insured in the insurance contract. Others may have claim on the coverage of a policy by way of internal provisions, but any such right is by way of the agreement between the named insured and the insurance company.

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