Insurance Policy

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Related to Insurance policies: Health Insurance Policies, Life Insurance Policies

Policy, Insurance


a document, usually made out in the name of the policyholder, that certifies contracts for personal or property insurance and for contractual relations with respect to mandatory state insurance. In the USSR, voluntary insurance policies are given to the insured (the citizen or organization in whose interest insurance is provided) after the first premium is paid. For mandatory insurance, an insurance policy is issued after agencies of the Central Administration of State Insurance have established the composition and value of the property to be insured and the size of the premiums. The policy establishes the basic terms of the insurance. These include the type and object of coverage and the life of the contract. They also include the amount of the insurance and information about the policyholder and the underwriter.

References in periodicals archive ?
Additional Insured status on liability insurance policies is not automatic.
If your mobility device or automobile modification is not included in your homeowners' and auto insurance policies, ask your carrier to modify your policies to provide the needed coverage.
And it's a raw deal for honest businesses that are forced to pay more for their own workers comp insurance policies because dishonest businesses pay less.
Life insurance customers have felt uneasy about the value of their life insurance policies and financial stability of their life insurance company in the wake of AIG's bailout.
Following decades of intermittent debate, state regulators finally advanced an effort to establish greater disclosures to consumers of small-face-amount life insurance policies.
CPAs can help small business clients do an annual review of all insurance policies they have in place.
Under these circumstances, remember that not all insurance policies are alike.
In the ruling, the H1 trustees and the HW1 trustees would sell the life insurance policies held in each trust to the H2 trustees and HW2 trustees, respectively.
Life insurance companies offer employers, unions and other organizations the option of providing life insurance to their members or employees through group life insurance policies.
The Bufords, for example, each bought permanent life insurance policies.
Notice 97-31 contains language, for instance, that might cause private long-term care insurance policies - sold before HIPAA's implementation date and "grandfathered" under HIPAA as tax-qualified - to lose their tax-qualified status.

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