C

Cancellation - Termination of an insurance contract before the end of the policy period, by the insured or insuror, usually in accordance with provisions in the contract.

Flat - Cancellation of a policy at or before it becomes effective with all the premium refunded to the policyholder.
Pro-rata - A system of cancelling a policy before it expires and returning to the policyholder an amount of premium proportional to the unexpired days of the policy. Short-rate - A method of figuring the return premium when a policy is cancelled by the insured. A portion of the unearned premium is kept, by the company, for expenses.
CLUE - Abbreviation for Comprehensive Loss Underwiritng Exchange. A report that provides information from a claim history database. The report contains information on claims and the individual that filed the claims. The report also contains information about the vehicles.

Claim - A notification by a person or business that is seeking to recover for a loss. A claim may be made against an individual or against an insurance company.

Claimant - Anyone who presents a claim that might be covered by insurance. For a liability insurance loss, the claimant is a person or business that has suffered a loss and seeks to collect for that loss from an insured. For a property insurance loss, the claimant is the insured who wants the insurance company to pay for repairing or replacing his or her damaged property.

Collision Insurance - One vehicle running into or being struck by another vehicle or object.

Comprehensive, Other than Collision - Covers losses to the insured’s vehicles, by many potential perils other than collision. Comprehensive coverage is not truly comprehensive in scope; as it does not cover losses as described in the exclusions to the policy (like loss caused by the insured, etc).

Conditions - In an insurance policy, provisions that explain the duties, rights, and options of the insured and the insurance company.