Assigned risk pool. A state program through which people, unable to get auto insurance elsewhere due to poor driving or accident records, can buy coverage at higher rates. Bankruptcy: Bankruptcy is a legal proceeding that releases an individual from the obligation of repaying a part or the entire debt. Bankruptcy law generally contains several chapters, like, Chapter 7, 11, 12 and 13, all of which are concerned with different methods of relief. Bankruptcy usually remains for seven to ten years in the credit report and damages the credit report of the individual or organization.
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The unlawful taking of another's property with the intent to permanently deprive the owner of its use or possession. Fair Credit Reporting Act: A federal legislation of the United States that regulates the activities of the credit reporting agencies in order to maintain accuracy, confidentiality, and proper use of the information available with them. It limits access to credit bureau information, and also enables the consumers to know information about themselves that is available with the credit bureaus, so that they can dispute inaccurate information.
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Income Taxes - Incurred income taxes (including income taxes on capital gains) reported in each annual statement for that year. CLAIM
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Policyholder Surplus - The sum of paid in capital, paid in and contributed surplus, and net earned surplus, including voluntary contingency reserves. It also is the difference between total admitted assets and total liabilities. Successive Periods - In hospital income protection, when confinements in a hospital are due to the same or related causes and are separated by less than a contractually stipulated period of time, they are considered part of the same period of confinement.
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Deductible - Amount of loss that the insured pays before the insurance kicks in. Accident Forgiveness
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If your investigation results in information being updated or deleted, you may request that we send the corrected information in your credit history to eligible credit grantors and employers who reviewed your information within a specific period of time. If your investigation does not result in a change to your credit history, results will not be sent to other lenders. Go-to Rate: It is the interest rate that is applied to some credit cards, or a specific balance on a particular card, after the expiration of the introductory rate.
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