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Today's Terms
Uninsured Motorist Coverage (UMC)
Definition:
Provides coverage for a policyholder involved in a collision with a driver who does not have liability insurance.
Summons
Definition:
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Premium Finance Company
Definition:
A lending institution that finances insurance premiums for a fee.
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