Automobile Insurance Flashcards
One who brings a lawsuit against another
Plaintiff
Person who is having a lawsuit brought upon them
Defendant
Automobile market in Canada
Private insurance companies,
The provincial government,
Combination of private government
Provinces using private insurance companies
Territory’s,
Alberta,
Ontario,
Atlantic Canada
Provinces using the provincial government
British Columbia,
Manitoba,
Saskatchewan,
Quebec
Provinces using a combination of private and government
Quebec
Who approves forms for legislation
Superintendent
Automobile applications
a written and signed application s not required.
Is a record of an individual’s driving convictions which insurers may obtain from provincial motor vehicle departments
Drivers abstract
Start and end date of policy
Policy period
Times of policy period
Start time 12:01 AM
End time 12:01 AM
Unless requested immediately
Lessor
Bank
Lessee
Insured (person who holds the lease)
Assigning the correct price
Rating
Auto insurance must be available to any licensed owner or driver of a motor vehicle regardless of that person’s driving record or accident history
Risks are shared among all insurers
Facility association