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 ?
Policyholders, not the insurer, decide where to direct investments within a tax-protected life insurance policy.
Once we understand the necessity of including a make-up policy in our written policy sheet, the next step is to decide on the specifics.
These are the ones who transmit and translate the significance of Jewish voting numbers and advise on policy matters during election campaigns in such a way as to marginalize Arab-American voting power.
The Fed Chairman's response was that the role of monetary policy was to control consumer inflation rates, not deal with asset inflation.
Because questions of fact remain as to the economic substance of the P investments, A has not met its burden of proving the validity of the P policy loan deductions.
On retirement of a key employee, the company may offer to transfer ownership of the key-person policy to the retiree.
A life settlement turns insurance assets into cash, giving the original policyholder an amount greater than the cash surrender value in exchange for ownership of the policy.
An example of this type of policy involves recently sick individuals who apply for small face amounts of coverage and who are willing to answer application questions incompletely.
1967--Release of Record of Policy Actions after Ninety Days
But the events of last winter and spring illustrate the roller-coaster ride that awaits any school district that tries to tamper with a core education policy like student retention.
My queer analysis of social welfare involves examining how sexuality and gender can be rethought and reorganized in economic and social policy frameworks, theories and practices.
Your organization may already have a communication policy, albeit unstated, as seen in your overall behavior and attitude toward your constituencies.

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