[Code of Federal Regulations]
[Title 49, Volume 5]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR582.3]

[Page 954]
 
                        TITLE 49--TRANSPORTATION
 
                            OF TRANSPORTATION
 
PART 582--INSURANCE COST INFORMATION REGULATION--Table of Contents
 
Sec. 582.3  Definitions.

    (a) Statutory definitions. All terms used in this part which are 
defined in section 2 of the Cost Savings Act are used as so defined.
    (b) Definitions used in this part. (1) Automobile dealer means any 
person who engages in the retail sale of new automobiles as a trade or 
business.
    (2) Collision insurance means insurance that reimburses the insured 
party for physical damage to his property resulting from automobile 
accidents.
    (3) Insurance cost means the insurance premium rate, as expressed in 
appropriate indices, for collision and medical payment, including 
personal injury protection in no-fault states.
    (4) Medical payment insurance means insurance that reimburses the 
insured party for medical expenses sustained by himself, his family, and 
his passengers in automobile accidents.

[40 FR 4918, Feb. 3, 1975, as amended at 58 FR 12550, Mar. 5, 1993]