- contract of insurance
- See insurance; insurance contract.
Ballentine's law dictionary. Anderson, W.S.. 1998.
contract of insurance
Look at other dictionaries:
contract of insurance — ˌcontract of inˈsurance noun contracts of insurance PLURALFORM [countable] LAW a formal document giving conditions relating to an insurance agreement: • This summary of benefits is not intended to form part of an offer relative to the contract of … Financial and business terms
contract of insurance — Any contract by which one of the parties for a valuable consideration, known as a premium, assumes a risk of loss or liability that rests upon the other, pursuant to a plan for the distribution of such risk, is a contract of insurance, whatever… … Black's law dictionary
contract of insurance — Any contract by which one of the parties for a valuable consideration, known as a premium, assumes a risk of loss or liability that rests upon the other, pursuant to a plan for the distribution of such risk, is a contract of insurance, whatever… … Black's law dictionary
contract guarantee insurance — An insurance policy designed to guarantee the financial solvency of a contractor during the performance of a contract. If the contractor becomes financially insolvent and cannot complete the work the insurer makes a payment equivalent to the… … Big dictionary of business and management
parol contract of insurance — A contract which is complete in its terms and complies with all the requirements imposed by law in the making of a contract of insurance, except that it is not in writing as may be required by charter provision or statute. 29 Am J Rev ed Ins §… … Ballentine's law dictionary
Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… … Wikipedia
insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or … Law dictionary
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
insurance policy — n: a writing whereby a contract of insurance is made in which the rights and duties of the insurer and the insured are set out Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. insurance policy … Law dictionary
insurance underwriter — ➔ underwriter * * * insurance underwriter UK US noun [C] INSURANCE ► a person whose job is to calculate the risk that is involved in an activity or in providing insurance for a particular customer, and to decide how much should be paid for… … Financial and business terms
