Definition

Add-on plan

Add-on plan mean pays benefits to an automobile accident victim without regard to fault, but the injured person still has the right to sue the negligent driver who caused the accident.

Share it:  Cite

More from this Section

  • Bearer form
    Bearer form describes issue form of security not registered on the issuing corporation's ...
  • Conflicts of interest
    Conflicts of interest is a manifestation of the moral hazard problem, particularly when ...
  • Equation of exchange
    Equation of exchange is the equation MV=PY, which relates nominal income to the quantity ...
  • Outright
    Outright is the purchase or sale of foreign currency for delivery at any forward date ...
  • Protest
    Protest is a solemn declaration by a Notary Public stating that he has demanded acceptance ...