fraternal insurance

fraternal insurance
Mutual life, accident, and health insurance which is issued to their members by fraternal orders or societies.

Ballentine's law dictionary. . 1998.

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  • fraternal insurance — insurance underwritten by a fraternal society, under either a legal reserve plan or an assessment plan. * * * …   Universalium

  • fraternal insurance — noun : insurance issued by a fraternal order or association to its members, formerly meeting its obligations by assessments upon members at the time obligations arose but now generally by a legal reserve * * * insurance underwritten by a… …   Useful english dictionary

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  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — Synonyms and related words: accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, cover, credit insurance, credit life insurance,… …   Moby Thesaurus

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  • fraternal benefit society — noun : a fraternal order or association providing fraternal insurance …   Useful english dictionary

  • fraternal order or society — An organization of men created and maintained for the improvement of its members by instruction through rituals and lectures in the principles of true brotherhood, real charity, and loyalty to country, for fellowship, and for aiding the widows… …   Ballentine's law dictionary

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