insurability

insurability
The quality or condition of being insurable. Kahn v Continental Casualty Co. 391 111 445, 63 NE2d 468, In reference to life insurance:–all those physical and moral factors reasonably taken into consideration by life insurance companies in determining coverage or matters affecting the risk. Rosenbloom v New York Life Ins. Co. (DC Mo) 65 F Supp 692, remanded (CA8) 163 F2d 1. As a condition of the reinstatement of a life insurance policy:–good health; good health plus circumstances rendering the risk desirable from the standpoint of the insurance company. 29 Am J Rev ed Ins § 371.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • insurability — noun see insurable …   New Collegiate Dictionary

  • insurability — See insure. * * * …   Universalium

  • insurability — n. ability to be insuredin·sur·a·bil·i·ty || ɪn‚ʃʊrÉ™ bɪlÉ™tɪ / ʃʊər …   English contemporary dictionary

  • insurability — in·sur·abil·i·ty …   English syllables

  • insurability — noun the quality of being insurable; the conditions under which an insurance company will issue insurance to an applicant (based on standards set by the insurance company) • Ant: ↑uninsurability • Hypernyms: ↑eligibility * * * ə̇nˌshu̇rəˈbiləd.ē …   Useful english dictionary

  • Without Evidence of Insurability — The ability to acquire a policy, such as life or health insurance, without being required to submit to a physical examination. Group plans, including employer sponsored plans, often insure without evidence of insurability when employees apply for …   Investment dictionary

  • guaranteed insurability — A life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed upon rates regardless of health conditions. Bloomberg Financial Dictionary …   Financial and business terms

  • guaranteed insurability rider — A rider attached to a life insurance policy at time of issuance, permitting the insured to obtain, without medical examination, policies of life insurance, subject to limitation upon amount contained in the rider. Otherwise known as purchase… …   Ballentine's law dictionary

  • insurable — insurability, n. /in shoor euh beuhl, sherr /, adj. capable of being or proper to be insured, as against loss or harm. [1800 10; INSURE + ABLE] * * * …   Universalium

  • Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …   Wikipedia

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