The guillotine is a machine used to execute people by decapitation (chopping off their heads). A guillotine is made of a heavy blade attached to a rack, which moves up and down on a vertical frame. When the rack is let go, it will fall down and the blade will cut the convict's head off.
A national producer number, or NPN, is a tool to protect individual insurance agents and agencies from identity theft and fraudulent representations made to the National Insurance Producer Registry, or NIPR.
Premium diversion is the embezzlement of insurance premiums. It is the most common type of insurance fraud. Generally, an insurance agent fails to send premiums to the underwriter and instead keeps the money for personal use. Another common premium diversion scheme involves selling insurance without a license, collecting premiums and then not paying claims.