gambling policy

gambling policy
A wager policy; that is, a policy of life insurance wherein the person for whose use it was issued has no pecuniary interest in the life of the insured. Gambs v Covenant Mut. Life Ins. Co. 50 Mo 44, 47. An insurance policy in which the insured has no insurable interest in the subject of the insurance. 29 Am J Rev ed Ins §§ 432 et seq.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • gambling policy — In life insurance, one issued to a person, as beneficiary, who has no pecuniary interest in the life insured. Otherwise called a wager policy. Such policies are generally illegal or not otherwise written by insurance companies because of the… …   Black's law dictionary

  • gambling policy — In life insurance, one issued to a person, as beneficiary, who has no pecuniary interest in the life insured. Otherwise called a wager policy. Such policies are generally illegal or not otherwise written by insurance companies because of the… …   Black's law dictionary

  • Gambling — ➡ nightlife * * * Betting or staking of something of value on the outcome of a game or event. Commonly associated with gambling are horse racing, boxing, numerous playing card and dice games, cockfighting, jai alai, recreational billiards and… …   Universalium

  • Policy — This article is about policies in general. For government policy, see Public policy. For other uses, see Policy (disambiguation). A policy is typically described as a principle or rule to guide decisions and achieve rational outcome(s). The term… …   Wikipedia

  • Policy — Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum, account book …   The Collaborative International Dictionary of English

  • Policy book — Policy Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum,… …   The Collaborative International Dictionary of English

  • Policy holder — Policy Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum,… …   The Collaborative International Dictionary of English

  • Policy shop — Policy Pol i*cy, n. [F. police; cf. Pr. polissia, Sp. p[ o]lizia, It. p[ o]lizza; of uncertain origin; cf. L. pollex thumb (as being used in pressing the seal), in LL. also, seal; or cf. LL. politicum, poleticum, polecticum, L. polyptychum,… …   The Collaborative International Dictionary of English

  • Gambling in Macau — has been legal since the 1850s when the Portuguese government legalized the activity in the colony. Since then, Macau has become known worldwide as the Monte Carlo of the Orient , and gambling has become a significant part of the city s economy.… …   Wikipedia

  • Gambling in the United States — Gambling, often referred to as gaming , had 2005 gross revenues of $84.65 billion,cite web|url=http://www.americangaming.org/Industry/factsheets/statistics detail.cfv?id=7|publisher=American Gaming Association|title=Industry Information: Fact… …   Wikipedia

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