Actual current value of the insured vehicle after depreciation
A party, such as LIENHOLDER, who does not necessarily use the vehicle, but may nonetheless be named as an Additional Interest Insured and held liable for an accident involving that vehicle.
Somebody selling auto insurance policies and often working exclusively for a single insurance company.
Call queue issued by our system’s cycle process on a weekly basis for Call Center to verify whether a policy is either CANCELLED, EXPIRED or DEFICIENT and will disappear from our queue system at the next cycle if not called on and closed by a Call Center representative.
See ENDORSEMENT
Type of document entry used to show or clarify policy information on a loan or account without blocking or obstructing the CPI cycle process.
This type of entry only serves to provide information with an image when either an incomplete document is received, policy information does not pertain to current policy in place, borrower identity needs to be clarified.
Deficient policy information is also entered as an associated document when CPI or an active outside policy is in place to avoid improper flow of cycle process.
A driver whose conduct is held legally responsible for causing an accident to happen.