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Total Loss
An insurance company declares a vehicle a total loss when a claim exceeds the full value of the vehicle. Insurance companies typically take possession and obtain the title of such vehicles.
Dismantled Title
The vehicle sustained major damage to one or more major component parts and the cost of repairing the vehicle for safe operation exceeds its fair market value.
Commission
That portion of the premium paid to the agent as compensation for his or her services.
Venue
The specific county, city or geographical area in which a court has jurisdiction
Comparative Negligence
The percentage of fault shared by each driver in an accident in which both contribute to causing the collision.
Liability Insurance
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Negligence
The absence of ordinary care.
Summons
Document or writ directing the sheriff or other officer to notify a person that an action has been commenced against him in court and that he is required to appear, on a certain day, and answer the complaint in such action.
Witness
Person who testifies under oath before a court, regarding what he/she has seen, heard or otherwise observed.
Producer
A term applied to an agent, solicitor or other person who sells insurance.
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