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Insurance policy |
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Insurance policy A contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Le Gierse, 312 US 531 (1941), the Supreme Court stated, "insurance involves risk-shifting and risk-distributing" The concept of risk-shifting and risk-distribution has become the basis of most court opinions considering whether a contract is an insurance contract for Federal tax purposes. In the other, the Court's result effectively rewrote the insurance contract between the parties and has negative implications with respect to the rights of insurance companies to require insureds to adhere to specific late notice provisions in the future in the absence of prejudice. To avoid conflicts of interest,Willis will accept a single payment only for an insurance contract at the time of placement and will fully disclose that payment to the client. |
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Insurance contract
