What is the Definition of Pay-At-The-Pump?

What is the Definition of Pay-At-The-Pump?

A system proposed in the 1990s in which auto insurance premiums would be paid to state governments through a per-gallon surcharge on gasoline.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Pay-At-The-Pump?

You can find random definition and meaning of insurance terms below:


What is the meaning of Indemnity

Compensation for a loss intended to restore an individual or entity to the approximate financial position prior to the loss.


What is the meaning of Independent Adjuster

An individual who estimates losses on behalf of an insurance company, but is not an employee of that company.


What is the meaning of Inspection

Verification of a vehicle's physical condition.


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