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Today's Terms
Claim
Definition:
Notice to an insurer of a loss that under the terms and conditions of a policy may be covered.
Commissioner of Insurance
Definition:
The title of the head of most state insurance departments. In some states, the Director or Superintendent of Insurance is used instead.
Subpoena
Definition:
Document issued by the authority of the court to compel a witness to appear and give testimony or produce documentary evidence in a proceeding. Failure to appear or produce is punishable by contempt of court.
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