Insurance Policy Definition By Authors Cool Wallpaper
English language learners definition of insurance : An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.a person or entity who buys insurance is known as an insured or as a policyholder.
Insurance policy definition by authors. Louise norris has written dozens of opinions and educational pieces about the affordable care act for healthinsurance.org and is author of the insider’s guide to obamacare’s open enrollment. ‘many new borrowers take out insurance against unemployment or sickness’. An unexpected, unintended event that caused bodily injury or property damage.
Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. (1) a planning decision of a public agency or (2) a contract of insurance. Learn more about fiscal policy in this article.
Civil liability insurance policies are available in countries such as england and are purchased by various clubs, sports teams and professionals. The instrument containing the terms of the contract is known as a policy. The policy will pay a specified sum to beneficiaries upon the death of the insured.
It is a written request by the proposer (insured) to the insurance company to issue insurance policy. Insurance fraud may entail a person filing a false insurance claim altogether, or exaggerating their damages, injuries or other losses in order to receive benefits. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
The following are terms you may hear used in connection with your insurance policy. See your policy for an exact definition of the meaning of the term in your policy. Insurance is a social device for division of financial losses which may fall on an individual or his family on the happening of some unforeseen events.
This is the british english definition of insurance policy.view american english definition of insurance policy. When insured, the loss arising out of the events are shared by all the insured in the form of premium. There many types of insurance policies.
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