insurance policy
61dividend on insurance policy — A payment made by an insurance company to policyholders from the surplus of the company, either in cash, by way of credit on the premium, or by applying it to the purchase of paid up insurance called a dividend addition. 29 Am J Rev ed Ins § 110 …
62insurance — [in shoor′əns] n. [earlier ensurance < OFr enseurance: see ENSURE] 1. an insuring or being insured against loss; a system of protection against loss in which a number of individuals agree to pay certain sums (premiums) periodically for a… …
63life insurance policy — The contract that sets out the terms of life insurance coverage. Bloomberg Financial Dictionary …
64exception in insurance policy — A provision of a contract of insurance which withdraws a certain risk or risks from the coverage of the contract. 29A Am J Rev ed Ins §§ 1132 et seq …
65fire insurance policy — A personal contract to indemnify the insured against loss by fire to the property insured; a contract of indemnity to reimburse the insured for his actual loss not exceeding an agreed sum. 29 Am J Rev ed Ins § 4. A contract of indemnity by which… …
66life insurance policy — See life insurance …
67holder of life insurance policy — The named insured or an assignee, for the purpose of obtaining the cash surrender value under a nonforfeiture provision of the policy. 29 Am J Rev ed Ins § 686 …
68loan on life insurance policy — By insurer: not a loan in the ordinary sense of the term, being merely an advance by the insurer of a sum which the insurer ultimately must pay the borrower, that is, the insured. 29 Am J Rev ed Ins § 615. A loan by a bank or other financial… …
69wager insurance policy — Same as wager policy …
70Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …