Glossary

Nonsubscription is an option available only in Texas that permits employers to elect not to participate in the workers compensation system.

A nonsuit is a judgment issued by the court against the plaintiff dismissing the case, before the defense presents its case, based on the plaintiff's failure to produce sufficient evidence.

Nontransferability provisions refer to clauses found in professional liability policies indicating that an insured cannot transfer coverage to a noninsured without the insurer's approval.

Noon clause is found in an insurance policy where the starting time of the coverage is noon on the date of coverage inception.

Normal loss describes a noncatastrophic level of loss within the working layer.

The North American Industry Classification System is a system for classifying entities (including businesses, governmental entities, and private households) by type of economic activity.

Nose coverage applies to the period between the inception date and retroactive date in a claims-made liability policy, if the specified retroactive date is earlier than the inception date of the policy.

A notary claim exclusion is an exclusion found in professional liability policies written for attorneys, insurance agents and brokers, and accountants.

Notice of cancellation clauses are provisions in policies mandating that insurers are to provide advance notice of cancellation or nonrenewal of a policy. Most commonly, the required cancellation notice period is 30 days, although state amendatory endorsements frequently extend this period to 60 days. Additionally, most policies require that the insurer provide advance notice of nonrenewal with the notice requirement ranging from 10 to 75 days depending on jurisdiction and circumstances surrounding the nonrenewal.

A notice of cancellation endorsement modifies an insurance policy to provide notice of cancellation beyond that stipulated in the policy.