Insurance policy

(redirected from Insurance policies)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to Insurance policies: Health Insurance Policies, Life Insurance Policies

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.
Mentioned in ?
References in periodicals archive ?
Seniors own an estimated $500 billion in life insurance policies.
Turn unneeded policies into cash: a life settlement can be a better alternative than surrendering a policy
Additional Insured status on liability insurance policies is not automatic.
Risk management: sweat the small stuff
If your mobility device or automobile modification is not included in your homeowners' and auto insurance policies, ask your carrier to modify your policies to provide the needed coverage.
CONSUMER ALERT!!
Because although Christi's employer, contractor Michael Bennett, was required by state law to carry workers comp insurance policies for his employees, he had neglected to purchase any insurance policies.
Cheap tricks
Following decades of intermittent debate, state regulators finally advanced an effort to establish greater disclosures to consumers of small-face-amount life insurance policies.
NAIC advances greater disclosures for small-face-amount life insurance
CPAs can help small business clients do an annual review of all insurance policies they have in place.
Small business insurance checkup: preventive maintenance is essential to an organization's financial health
Under these circumstances, remember that not all insurance policies are alike.
Caveat emptor. (Risk Management)
In the ruling, the H1 trustees and the HW1 trustees would sell the life insurance policies held in each trust to the H2 trustees and HW2 trustees, respectively.
The revocable, irrevocable life insurance trust.
The Bufords, for example, each bought permanent life insurance policies.
Tailor-made Coverage
Notice 97-31 contains language, for instance, that might cause private long-term care insurance policies - sold before HIPAA's implementation date and "grandfathered" under HIPAA as tax-qualified - to lose their tax-qualified status.
LTC insurance: clarifying the tax clarifications

Financial browser ?
Full browser ?