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FMCSA bans Hand-Held Cell Use by Drivers of Buses and Large Trucks
As of January 3, 2012, commercial drivers are prohibited from using a hand-held mobile phone while operating a commercial truck or bus. Drivers who violate the restricions may be fined up to $2750 and prohibited from operating a commercial vehicle in the event of multiple offenses.
Follow the link to read the first-hand account from the Federal Motor Carrier Safety Administration.
A policy under which the insurer pays a specified amount of money to or on behalf of the insured upon the occurrence of a defined loss. The money amount is not related to the extent of the loss. Life insurance policies are an example.
VANDALISM
The malicious and often random destruction or spoilage of another person's property.
VARIABLE ANNUITY
An annuity whose contract value or income payments vary according to the performance of the stocks, bonds and other investments selected by the contract owner.
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at the policyholder's discretion.
VIATICAL SETTLEMENT COMPANIES
Insurance firms that buy life insurance policies at a steep discount from policyholders who are often terminally ill and need the payment for medications or treatments. The companies provide early payouts to the policyholder, assume the premium payments, and collect the face value of the policy upon the policyholder's death.
VOID
A policy contract that for some reason specified in the policy becomes free of all legal effect. One example under which a policy could be voided is when information a policyholder provided is proven untrue.
VOLATILITY
A measure of the degree of fluctuation in a stock's price. Volatility is exemplified by large, frequent price swings up and down.
VOLCANO COVERAGE
Most homeowners policies cover damage from a volcanic eruption.
VOLUME
Number of shares a stock trades either per day or per week.
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