Legal Definition and Related Resources of Policy Of Insurance

A contract of insurance whereby for a stipulated consideration , one party , namely , the insurer, undertakes to indemnify the other , namely, the insured, against damage or loss, on a certain subject , by certain perils. The actual instrument embodying the contract is known as the policy of insurance. See Insurance.

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Policy Of Insurance in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Policy Of Insurance in Historical Law in the Encyclopedia of Law.

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Mentioned in these terms

Assured, Insurance Trust, Open Insurance Policy, Premium, .

Policy of Insurance