insurance policy
51insurance certificate — n 1: a certificate issued by an insurer to a shipper as evidence that a shipment of merchandise is covered under a marine insurance policy 2: a certificate issued in place of an insurance policy by an insurer to one insured as evidence of… …
52policy — policy1 [päl′ə sē] n. pl. policies [ME policie < OFr < L politia < Gr politeia: see POLICE] 1. a) Obs. government or polity b) Now Rare political wisdom or cunning 2. wise, expedient, or prudent conduct or management …
53issuing insurance policy — A phrase variously construed: (1) the signing and execution of the policy by the officers of the insurance company; (2) act of delivery of the policy fully executed; (3) the certain date indicated by the policy as the effective date. 29 Am J Rev… …
54Insurance Services Office — Insurance Services Office, Inc. (ISO) is a provider of data, underwriting, risk management and legal/regulatory services to property casualty insurers and other clients. Headquartered in Jersey City, New Jersey, the organization serves clients… …
55Whole Life Insurance Policy — A life insurance contract with level premiums that has both an insurance and an investment component. The insurance component pays a stated amount upon death of the insured. The investment component accumulates a cash value that the policyholder… …
56insurance adjuster — n: a person employed by insurer or insured to determine the loss under an insurance policy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. insurance adjuster …
57insurance — ► NOUN 1) the action of insuring. 2) the business of providing insurance. 3) money paid for insurance, or as compensation under an insurance policy. 4) a thing providing protection against a possible eventuality …
58executed insurance policy — A policy of insurance that has been signed by or on behalf of the insurer and, if the instrument so provides as conditions of effectiveness, countersigned and delivered. 29 Am J Rev ed Ins §§ 214, 215 …
59face of insurance policy — The entire insurance contract contained in the policy. Julius v Metropolitan Life Ins. Co. 299 Ill 343, 132 NE 435, 17 ALR 956 …
60policy year — A term relating to the basis upon which certain loss statistics are compiled. It relates to the calendar year or accounting year in which the commencement date of the insurance policy falls, and may include policies of varying lengths. The term… …
