Study 10 - Endorsements for Use with the Owner's Policy; The Driver's Policy

Lease

A contract by which one party, called the lessor, conveys to another, called the lessee, real estate, equipment, or facilities for a specified term and for a specified rent.

Aggregate

(1) To bring together. (2) The total sum, mass, or assemblage; overall total.

Passenger Hazard

The exposure for injury or death to occupants of public automobiles.

Underwriter

(1) The insurance company or group that underwrites or insures a particular risk. (2) The individual within an insurance company whose responsibility it is to accept or reject business in the particular line in which they specialize and, in this way, choose the risks their principals are prepared to underwrite.

Financial Responsibility Law

A statute that requires motorists to be able to establish their financial responsibility. Essentially, it assures the availability of money to pay damages awarded to the victim of an automobile accident. The most usual form of proof is an insurance policy.

SEF 4A

Permission to Carry Explosives endorsement

SEF 4B

Permission to Carry Radioactive Materials endorsement

SEF 5

Permission to Rent or Lease endorsement

SEF 6A

Permission to Carry Passengers for Compensation or Hire endorsement

SEF 6B

Permission to Carry Passengers - School Transportation endorsement

SEF 6C

Permission to Carry Passengers - Public Passenger Vehicles endorsement

SEF 6D

Permission to Carry Passengers - Driver Training Schools endorsement

SEF 09

Marine use excluded (amphibious automobiles) endorsement

SEF 13C

Restricting glass coverage endorsement

SEF 16

Suspension of coverage endorsement

SEF 17

Reinstatement of coverage endorsement

SEF 19

Limiting the amount paid for loss or damage coverages endorsement

SEF 19A

Agreed value of automobiles endorsement

SEF 28

Reducing coverage for named persons endorsement

SEF 28A

Excluded driver endorsement

SEF 29

Additional coverage for named persons endorsement

SEF 2

Driver other automobiles endorsement

SEF 3

Government-owned automobiles endorsement

SEF 8

Property damage reimbursement endorsement

SEF 20

Loss of use endorsement

SEF 27

Liability for damage to non-owned automobiles endorsement

SEF 35

Emergency service expense endorsement

SEF 43R

Removing depreciation deduction endorsement

SEF 44

Family protection endorsement

SEF 23A

Lienholder protection endorsement

SEF 23B

Mortgage endorsement

SEF 25

Alteration (changes) endorsement

SEF 32

Motorized recreational vehicle endorsement

SEF 40

Fire and theft deductible endorsement