Special personal auto policy (SPAP)
Term · Insurance and risk management · MLC-T-INS-003130
A modified version of the standard Personal Auto Policy (PAP) designed to meet specific regulatory requirements or market needs in certain states or for particular types of risks. It may include different coverage options, exclusions, or limits compared to the standard PAP. The SPAP aims to provide tailored auto insurance solutions where the standard form is insufficient.
| Identifier | MLC-T-INS-003130 |
|---|---|
| Field | Insurance and risk management |
| Subject | Personal Lines |
| Abbreviation | SPAP |
Record as JSON
{
"id": "MLC-T-INS-003130",
"term": "Special personal auto policy (SPAP)",
"field": "Insurance and risk management",
"definition": "A modified version of the standard Personal Auto Policy (PAP) designed to meet specific regulatory requirements or market needs in certain states or for particular types of risks. It may include different coverage options, exclusions, or limits compared to the standard PAP. The SPAP aims to provide tailored auto insurance solutions where the standard form is insufficient.",
"abbreviation": "SPAP",
"subject": "Personal Lines",
"url": "https://mlchart.com/terminology/insurance/special-personal-auto-policy-spap/"
}
Record 3,231 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.