Legal Articles

Property Damage Liability Coverage

Insurance that covers damage to other peoples’ property if the insured is found to be liable for an accident.

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Principal Driver

The main operator of an insured vehicle.

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Primary Use

How a vehicle is primarily used, such as for work, pleasure, etc.

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Policy Term

The time period during which an insurance policy is effective. Also referred to as Policy Period.

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Policy Period

The time period during which an insurance policy is effective. Also referred to as Policy Term.

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Policy Expiration Date

The date on which an insurance policy ends.

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Per Person Limits

The maximum amount an insurance company will pay under a policy to each person injured in an accident.

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Per-Occurrence Limits

A cap on the amount an insurance company pays under a policy for all claims arising from a single accident.

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PRORATION STATUTE

a law requiring taxes be paid before money is distributed from an estate.

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PARTY AND PARTY

a term that is sued to refer to both the plaintiff and the defendant, who are the 2 litigants in a law suit.

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PARTNERSHIP DEBT

a term that is used for the debt or the obligation of a partnership and not to an individual.

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PRODUCTION BURDEN

See burden of proof.

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POSSESSION ADVERSE

This term is applied to a person who is occupying property whrere the title may be contested by anoyher person.

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PURSUIT

1. The occupation or the profession chosen. 2. To chase a person until they are captured.

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PROCEEDING SUMMARY

This term applies to a case that is settled and solved quickly without the help of a jury, indictments and a lengthy procedure.

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POST-CONVICTION RELIEF PROCEEDING

a court proceeding where a criminal may challenge a conviction that has been made by an appellate court.

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PRIVY TOKEN

the name that si given to a false or forged document.

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POLICY PAID-UP

the name given to a life insurance policy where no more premiums need to be paid. See insurance, life.

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PARTY OF RECORD

a term that is applied to the person who has been designated formally as a person engaged in a suit or in an appeal.

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PURE PLEA

a plea that brings new material for the defence.

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