Reduction of automobile premium for a young driver at least sixteen who ranks in the upper 20 percent of his or her class, has a B or 3.0 average, or is on the Dean's list or honor roll. It is based on the premise that good students are better drivers.

A marketing specialist who represents insurance organizations and who deals with either agents or companies in arranging for the coverage required by the customer.

A form of insurance that pays the policy holder and passengers in his/her car for bodily injury caused by the owner or operator of an uninsured or inadequately insured automobile.

Allows auto insureds the choice of remaining under the tort system or choosing no-fault at a reduced premium.

A formal document changing the provisions of an insurance policy signed jointly by the insurance company officer and the policy holder or his authorized representative.

Damage to or loss of the automobile resulting from collision, fire, theft or other perils.

Stipulated minimum and maximum ages below and above which the company will not accept applications or may not renew policies.

Liability for damages even though fault or negligence cannot be proven.

An agreement attached to a policy which exempts from coverage certain disabilities or injuries that otherwise would be covered by the policy.

Rate-making method for which each exposure is individually evaluated and the rate is determined largely by the underwriter's judgment.