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.

Insurance Policy

The contents of an insurance contract. The policy describes the specific types of coverage (life, health, etc.), the restrictions that apply, and the applicable deductibles and premiums. Only the insurer makes legally enforceable promises in an insurance policy: the insurance company cannot legally compel the insured person to pay his/her premiums, but the insured person can sue to compel the insurer to provide coverage if it does not do so. All insurance policies, however, include a provision allowing the insurer to refuse coverage if the insured person does not pay the premiums.
References in periodicals archive ?
State law: The parties agree that Colorado law governs the question whether A has an insurable interest in the employees covered by the P policies.
One published report says approximately 25 percent of key-person policies can be sold to institutional investors in the secondary market.
Since the persistency of policies included in a life settlement pool typically is 100%, with the investment vehicle paying the premiums required, the issuing insurance company's profitability is likely to be impacted negatively.
Heterosexist biases in social welfare policy frameworks exist in at least three ways: through policies that explicitly target LGBT individuals as abnormal or deviant, such as policies that defend the institution of heterosexual marriage; through federal definitions that assume all families are heterosexual, thereby implicitly leaving out LGBT individuals and families; and through policies that overlook LGBT poverty and social need due to stereotypes about LGBT communities being affluent.
Named Insureds on insurance policies can be persons, partnerships, corporations, unincorporated associations, or limited liability companies to whom the insurance policy is issued.
Given the increasing pressure for companies to be accountable for the content of their privacy policies, and responsive to new laws, regulations and business imperatives within their sectors, companies will find this a useful, unique and inexpensive tool," said Dr.
At one level, the public policies and legislation discussed previously create an enduring demand for career counseling.
As a practical standpoint if two policies have the same language (which most malpractice policies do) they usually both provide coverage equally.
Term policies do not have a cash value component and must be renewed periodically.

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