Legal Definition and Related Resources of Gambling policy
Meaning of Gambling policy
A policy of life insurance issued to one as beneficiary who has no interest in the life of the insured.
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| Gambling Policy in the Dictionary | Gambling Policy in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Gambling Policy |
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| Related topics | Gambling Policy in the World Encyclopedia of Law |
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This definition of Gambling Policy is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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What is Gambling Policy?
A definition of gambling policy is: In life insurance, one issued to a person, as beneficiary, who has no pecuniary interest in the life insured. More details on the Encyclopedia. Otherwise called a “wager policy. More details on the Encyclopedia.” Such policies are generally illegal or not otherwise written by insurance companies because of the absence of an insurable interest.[1]
Resources
Notes
- “Gambling Policy” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)
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