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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The rate of return among whole life policies could be 4.5% or higher over 25 years, says Eaton, who is also a financial representative of Guardian Life Insurance Co.
If one needed psychoanalysis of the objectives of governments along with yet more data on excesses in exchange market intervention to reach judgments about internationally unacceptable exchange rate policies, then the currency manipulation guidelines of the U.S.
In the event of a claim against a director or officer, D & O policies typically will respond first to pay for that claim (including costs of defense, such as attorney's fees).
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. Although Colorado courts have not had the occasion to decide precisely this question, the government urges this court to apply other jurisdictions' decisions that have prohibited employers from obtaining life insurance on their employees, citing Mayo v.
In addition, these goals are currently being radically reframed in the light of policies relating to lifelong learning, which are linked to active labor market policies and the concept of sustained employability.
In this paper, I utilize a critical feminist approach to examine the development of Canadian welfare-to-work policies within the influential, if often unseen, ideological umbrella of neo-liberalism, deconstructing the concepts of gender equality, dependency and self-sufficiency as they are understood in current welfare-to-work initiatives.
Did it mean that ending social promotion was working or that the strict retention policies that were the program's hallmark in 1996 had been abandoned?
Price policies such as the minimum wage or low priced food hence become forbidden.
So whether they're called media relations, disclosure, public relations or public information policies, there are common elements of communication policies that can help guide you and your leadership to the development of a formal, written and agreed-upon procedure for communicating both internally and externally.
Such a world exists--not for car owners, but for owners of life insurance policies intended for lapse or surrender.

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