| Net Premiums Written ... |
| Gross property and casualty premiums written less returned premiums, less reinsurance ceded premiums. |
| • • • • • |
| No Benefit to the Bailee ... |
| Asserts the rights of the Insurer to subrogate for damage from maintenance. |
| • • • • • |
| No-Fault ... |
| No assignment of blame as to which party caused an accident. |
| • • • • • |
| Non-admitted Insurer ... |
| A company that is not authorized to do business in a particular state. Also known as, Non-authorized Insurer. |
| • • • • • |
| Non-Assessable Insurance Company ... |
| An insurance company that cannot invoice its Insureds an assessment if the retained portion of the gross loss exceeds the reserves. (Contrast, Assessable Insurance Company.) |
| • • • • • |
| Noncombustible ... |
| Metal walls, floors, ceilings and roof. |
| • • • • • |
| Nonconcurrency ... |
| When different policies provide differing coverage for the same property. |
| • • • • • |
| Nonrenewal ... |
| To discontinue insurance coverage when the current policy period expires. |
| • • • • • |
| Notice of Loss ... |
| To make a report to an Insurance Company that a loss has occurred. |
| • • • • • |
| Numismatic ... |
| Of, or relating to valuable coins, coin collecting. |
| • • • • • |
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