insurance policy premium
1Insurance policy — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …
2insurance policy — A Contractual arrangement to compensate for potential future illness or loss of life, or for the loss or impairment of *assets. Insurance is a means of *risk management, and insurance cover is normally arranged through the regular payment of a… …
3insurance policy — A document that sets out the terms and conditions of an insurance contract, stating the benefits payable and the premium required. See also life assurance …
4Unbundled Life Insurance Policy — A type of financial protection plan that provides cash to beneficiaries upon the policyholder s death. A unbundled life insurance policy contains a savings and investment component that the policyholder can use during his or her lifetime or pass… …
5Umbrella Insurance Policy — Extra liability insurance coverage that goes beyond the limits of the insured s home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people s property or… …
6premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… …
7Premium Financing — involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a Premium Financing Company ; however insurance companies and… …
8insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …
9Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… …
10premium — pre·mi·um / prē mē əm/ n 1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2: the price paid for an insurance contract equal to the cost per unit times the number… …
