Definition that contains insurance policy
- insured a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc.
- floater an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location
- deductible a clause in an insurance policy that relieves the insurer of responsibility to pay the initial loss up to a stated amount
- policyholder a person who holds an insurance policy; usually, the client in whose name an insurance policy is written
- insurable interest an interest in a person or thing that will support the issuance of an insurance policy; an interest in the survival of the insured or in the preservation of the thing that is insured
- viatical settlement cash derived from sale of an insurance policy by a terminally ill policy holder
- cash surrender value the amount that the insurance company will pay on a given life insurance policy if the policy is cancelled prior to the death of the insured
- insurance claim demand for payment in accordance with an insurance policy
- double indemnity a clause in an insurance policy that provides for double the face value of the policy in the case of accidental death
- viaticus settlement sale of an insurance policy by a terminally ill policy holder