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Named Insured
Any person, firm, or corporation designated by name as the specific insured in a policy.

Named Non-owner Coverage
An endorsement that can be added to the Personal Auto policy to provide coverage for a named individual who does not own an auto while the insured is operating autos owned by others.

Named Perils Policy
A policy specifying only those perils to be insured against in contrast to a policy that insures all perils riot specifically excluded .

Named Schedule Coverage
A type of Employee Dishonesty insurance that covers loss only from named employees.

National Association of Insurance Commissioners (NAIC)
Association of state insurance commissioners whose purpose is to promote uniformity of insurance regulation, monitor insurance solvency and develop model laws for passage by state legislatures.

The failure to exercise that degree of care that the law requires to protect others from an unreasonable risk of harm. The failure to act as a prudent person would have acted under similar circumstances.

Net Line
The amount of coverage a company will accept as its maximum.

No-Fault Insurance
See Personal Injury Protection.

Non-assessable Policy
One issued by a mutual or reciprocal exchange which provides that the insured may not be assessed. His payments are thus limited to the amount of premiums paid.

A type of Health insurance policy which the company may not cancel, but must renew to a certain age with no change in premium. Affords the greatest degree of continuation protection to the insured.

Nonstandard Auto (High Risk Auto or Substandard Auto)
Insurance for motorists who have poor driving records or have been canceled or refused insurance.  The premium is much higher than standard auto due to the additional risks.

eral, it excludes all hazards related to nuclear energy.

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