The DICT Development Group
3 definitions found
for insurance policy
From The Collaborative International Dictionary of English v.0.48 :
Insurance \In*sur"ance\, n. [From Insure.]
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 guarantee another against loss
by certain specified risks. Cf. Assurance, n., 6.
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
2. The premium paid for insuring property or life.
3. The sum for which life or property is insured.
4. A guaranty, security, or pledge; assurance. [Obs.]
The most acceptable insurance of the divine
5. Hence: Any means of assuring against loss; a precaution;
as, we always use our seat belts as insurance against
Accident insurance, insurance against pecuniary loss by
reason of accident to the person.
Endowment insurance or Endowment assurance, a combination
of life insurance and investment such that if the person
upon whose life a risk is taken dies before a certain
specified time the insurance becomes due at once, and if
he survives, it becomes due at the time specified. Also
called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business
it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
Life insurance. See under Life.
From WordNet (r) 3.0 (2006) :
n 1: written contract or certificate of insurance; "you should
have read the small print on your policy" [syn: policy,
insurance policy, insurance]
From Moby Thesaurus II by Grady Ward, 1.0 :
68 Moby Thesaurus words for "insurance policy":
accident insurance, actuary, annuity, arrangement, assurance,
aviation insurance, bail bond, bond, business life insurance,
casualty insurance, certificate of insurance, contract by deed,
contract of record, contract quasi, court bond,
covenant of indemnity, credit insurance, credit life insurance,
debenture, debenture bond, deductible, deed, deed of trust,
deed poll, endowment insurance, family maintenance policy,
fidelity bond, fidelity insurance, flood insurance,
formal contract, fraternal insurance, government insurance,
group policy, health insurance, implied contract, indent,
indenture, industrial life insurance, insurance, insurance agent,
insurance broker, insurance company, insurance man, interinsurance,
liability insurance, license bond, limited payment insurance,
major medical insurance, malpractice insurance, marine insurance,
mortgage deed, mutual company, ocean marine insurance,
parol contract, permit bond, policy, promissory note, recognizance,
robbery insurance, social security, special contract, specialty,
specialty contract, stock company, term insurance, theft insurance,
title deed, underwriter
Contactemail@example.com Specification=RFC 2229