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​Best-in-class personal and business insurance solutions customized for CPAs, their families and firms.

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Negligence
Failure to use a generally acceptable level of care and caution.

Noncancellable Guaranteed Renewable Policy
An individual policy which the insured person has the right to continue in force until a specified age, such as to age 65, by the timely payment of premiums. During this period, the insurer has no right to unilaterally make any changes in any provisions of the policy while it is in force.

Noncontributory
A term applied to employee benefit plans under which the employer bears the full cost of the benefits for the employees. One hundred percent of the eligible employees must be insured.

Nondisabling Injury
An injury which may require medical care, but does not result in loss of working time or income.

Nonforfeiture Provisions
Provisions guaranteeing minimum values to the policyowner who has paid premiums long enough to establish cash value in the policy.

Nonoccupational Policy
A contract which insures a person against off-the-job accident or sickness. It does not cover disability resulting from injury or sickness covered by Worker's Compensation. Group Accident and Sickness policies are frequently nonoccupational.

Nonparticipating Policy
A life insurance policy which does not grant the policyowner the right to policyowner dividends.

Nonprofit Insurers
Persons organized under special state laws to provide hospital, medical or dental insurance on a nonprofit basis. The laws exempt them from certain types of taxes.

This information should not be construed as legal advice or a legal opinion on any factual situation. This summary is for illustrative purposes and is not a contract. It is intended to provide a general overview, at the time first posted, of the topics described. Only the insurance policy can give actual terms, conditions and exclusions.