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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

Net loss

The amount of a loss, after deductions for salvage, other insurance, and any subrogation that an insurer is responsible for.

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