Property and Casualty Insurance Compensation Corporation. Membership in this industry-funded plan is a condition of licensing and the amount contributed by each insurance company is based on the total amount of direct premiums written.
Packing List
Document which accompanies the package being shipped which details the contents, weight and other information.
Pain And Suffering
Physical discomfort and distress, as well as mental and emotional trauma recoverable as damages in a tort action.
Pair & Set Clause
Additional Condition contained in property insurance policies which states that loss to only one item of a pair or set does not constitute loss or damage to the entire pair or set.
Parental Liability
If damage results from negligent control of parents over the act of their child, they may be held liable.