Insurance Policy


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Related to Insurance Policy: Life insurance policy, Health Insurance Policy

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 ?
Raiford priced a $1 million variable life insurance policy for a healthy 40-year-old man in New York.
A lessee who is a registrant is eligible to claim an ITC for GST/HST paid on vehicle repairs for a leased vehicle covered by an insurance policy, if the lessee is the recipient of the repairs and the other conditions in section 169 respecting ITCs are satisfied.
If possible, the purchase and sale agreement should limit the sole recourse of the aggrieved party to the insurance policy.
With respect to purchasing a commercial insurance policy, it is not necessary to place all of your focus on the policy.
To be sure, there are a few instances where there's no advantage to be gained by shielding a life insurance policy in a trust.
By viewing a life insurance policy as a current asset, the insured can now access funds - the death benefits - virtually immediately as a living benefit.
Before Christi's accident, the Atkins had no idea their daughter was not covered by a workers comp insurance policy.
2 /PRNewswire/ -- If you are health conscious, there's yet another benefit to clean living: You could qualify for substantial financial savings -- that is money in your pocket -- with a new low-cost term life insurance policy.
If the cash component of a life insurance policy has lost value, financial experts suggest that it is in the consumer's best interest to stay with the current carrier or utilize available options to convert whole or universal life insurance policies into term without suffering penalties or taking the risk of losing coverage.
is an insurance policy sold by its owner--typically the insured or a trust--for an amount greater than the surrender value of the policy but lower than the face amount of the policy.
Example 1: An ILIT holding a whole life insurance policy receives a $10,000 premium each year, but the CSV at the beginning of year 10 is only $30,000.
Whoever receives a commission paid by an insurance company for the sale of an insurance policy needs an insurance license.

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