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Insurance company   /ɪnʃˈʊrəns kˈəmpəni/   Listen
noun
Insurance  n.  
1.
The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6. Note: The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy.
2.
The premium paid for insuring property or life.
3.
The sum for which life or property is insured.
4.
A guaranty, security, or pledge; assurance. (Obs.) "The most acceptable insurance of the divine protection."
5.
Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury.
Accident insurance, insurance against pecuniary loss by reason of accident to the person.
Endowment insurance or Endowment assurance, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.
Life insurance. See under Life.






Collaborative International Dictionary of English 0.48








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"Insurance company" Quotes from Famous Books



... (1766-1809) was a man of good family and nephew of the first Lord Auckland, who negotiated Pitt's commercial treaty. He graduated as B.A. from Christ Church, Oxford, in 1787; married in 1792, and at his death (14th Nov. 1809) was chairman of the Globe Insurance Company. He wrote various pamphlets upon economical topics; contributed letters signed 'Philanglus' to Cobbett's Porcupine, the anti-jacobin paper of the day; and is described by Bentham[75] as a 'declared disciple' and a 'highly valued friend.' He may be reckoned, therefore, as a ...
— The English Utilitarians, Volume I. • Leslie Stephen

... enforces a distinction which exists, or did exist, in the popular mind; and fire, in an insurance sense, as distinct from explosion, was accurately defined by Justice McIlvaine, of the Supreme Court of Ohio (1872), in the case of the Union Insurance Company vs. Forte, i.e., an explosion was a remote cause of loss and not the proximate cause, when the fire was a burning of a gas jet which did not destroy, though the explosion caused by the burning gas-jet did destroy. ...
— Scientific American Supplement, No. 288 - July 9, 1881 • Various

... another chair, so much weakened that he can just reply to me in whispers, and I believe that a few hours more of my talk will leave him no choice between dying of exhaustion at my feet and taking a Policy in the Boreal Life Insurance Company, of which I am Agent. I have spoken to my wards, MONTGOMERY and MAGNOLIA PENDRAGON, concerning MAGNOLIA'S being placed at school in the Macassar, and MONTGOMERY'S acceptance of your son, OCTAVIUS, as his tutor, ...
— Punchinello, Vol. 1, No. 13, June 25, 1870 • Various

... something Peyton was born to, for his old man was a bank cashier and his two older brothers already have their names up on window grills, he tells me, while an uncle of his is vice-president of an insurance company. So it's no wonder Peyton is a reg'lar coupon hound. His idea of light readin' is to sit down with "Talks to Investors" on one knee and the market report on the other. Give him a forenoon off and he'd spend it down at the Clearing House watchin' 'em strike the daily ...
— Torchy and Vee • Sewell Ford

... fireplace; it stuck on the sides and top thickly, and was baked hard on them. After a few days the sides of the fire-tube bulged inwards nearly twelve inches, and the boiler had to be stopped and blown out, and the fusible plug was found to be unaffected—it was one selected by a Boiler Insurance Company, who had to repair this damage, and the stoker was exonerated from blame, but there is little doubt that if the plug had leaked the mishap would have been attributed to shortness of water and the stoker would be blamed ...
— The Stoker's Catechism • W. J. Connor


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