49 CFR § 582.3 - Definitions.

---
identifier: "/us/cfr/t49/s582.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "49 CFR § 582.3 - Definitions."
title_number: 49
title_name: "Transportation"
section_number: "582.3"
section_name: "Definitions."
chapter_name: "NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION"
part_number: "582"
part_name: "INSURANCE COST INFORMATION REGULATION"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "49 U.S.C. 32303; delegation of authority at 49 CFR 1.50(f)."
regulatory_source: "40 FR 4918, Feb. 3, 1975, unless otherwise noted."
cfr_part: "582"
---


# 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]