Page 6 - Personal Underwriting Mandates & Guidelines - Binder Addendums - Version 3

2 Personal Underwriting Mandates & Guidelines – Binder Addendums – Version 3
Addendum A: SAIA Standardised Terminology
26. Premium 10
27. Pro rata premium 10
28. Proximate cause 11
29. Regular driver 11
30. Nominated driver/named driver only 11
31. Replacement cost or value 11
32. Reject 11
33. Repudiate 11
34. Rewards/Policy features 12
35. Re-rate 12
36. Roadworthy 12
37. Salvage 12
38. Schedule 12
39. Self-insured 12
40. Special Conditions 12
41. Start date 13
42. Sum insured 13
43. Terms and Conditions (Ts and Cs) 13
44. Third party cover (third party insurance) 13
45. Total loss cover 14
46. Under-insurance 14
47. Uneconomical to repair 14
48. Unoccupied 14
49. Vacant 15
50. Write-off 15