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Today's Terms
Medical Payments Coverage
Definition:
Covers the medical costs (up to the specified limit you choose) resulting from an auto accident for you, your family, and others in your car. It pays regardless of fault.
Surcharge
Definition:
An extra charge applied to the premium by the insurer, usually for at fault accidents or moving violations.
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.
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