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 ?

An excess policy that is written on a follow form basis contains a provision that stipulates that the terms, definitions, conditions, limitations and exclusions in the primary, policy are incorporated by reference into the excess policy.

Bridging the gap

In contrast, other jurisdictions have applied the rule even where the policy contains a clause limiting coverage to injuries which disable the insured within a specific number of days from the accident.

Trusting in nature: some courts are relying on the laws of nature, not policy time-limit provisions, to determine when an insured's injuries become disabling

Policyholders, not the insurer, decide where to direct investments within a tax-protected life insurance policy. Some term life insurance policies can be converted to variable life insurance.

Insuring your wealth: the right insurance policy can help you build and protect your assets

Other policies that have benefited from being vetted first by the SLs are the e-mail encryption policy and the public internet address policy.

Business continuity planning: George Mason University's executive enterprise risk management approach has helped in building responses to "what-if" scenarios

Once a family chooses us, they also are choosing to accept our policies, including the make-up policy. If they do not like our make-up policy, they can exercise their freedom of choice by deciding to go to another studio.

It's [beginning strikethrough]none of[end strikethrough] all your business: make-up policies--magic or misery

In his campaign for re-election, President Bush was fond of saying that he stood for "saying what you mean, and meaning what you say." So far, his Treasury's policy toward China's exchange rate policy has been anything but that.

Paulson's first challenge: can the new U.S. Treasury chief confront China's currency manipulation?

These facts mean that the coverage under a typical private company D & O policy actually has been expanded to provide protection against many forms of corporate liability.

D & O for private companies: answers to common questions

Yet policy makers have done too little to fix the nation's confusing system of authority over coastal and marine ecosystems, says initiative member Andrew Rosenberg, a fisheries scientist at the University of New Hampshire.

U.S. Ocean Policy Report Card

American lobbies are, more importantly, significantly superior to voter behavior and opinion polls in their impact on foreign policy decision-making.

Janice J. Terry. U.S. Foreign Policy in the Middle East: The Role of Lobbies and Special Interest Groups

Purpose: The purpose of the insurable interest requirement is to ensure that a policy does not fall into the forbidden class of "wager contracts," taken out by people who are wholly unrelated to the insured and thus who have a "direct interest in [the insured's] early termination" (Warnock v.

Employer has insurable interest in employees

Despite these achievements, comparative social policy inquiry is still challenged by numerous problems and it is with regard to some of these problems that Patricia Kennett has brought together some of the leading scholars in the field to discuss and debate some of the most pressing and interesting issues facing comparative social policy today.

Patricia Kennett (Ed.), A Handbook of Comparative Social Policy

Agencies will submit a copy of their acquisition of services policy and a chart illustrating the agency oversight function.