- insurance business
- The business of writing and issuing contracts of insurance, that is, insurance policies. 29 Am J Rev ed Ins § 5. The business of insurance consists in accepting a number of risks, some of which will involve losses, and of spreading such losses over all risks so as to enable the insurer to accept each risk at the slightest fraction of possible liability upon it. Home Title Ins. Co. v United States (CA2 NY) 50 F 107.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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business life and health insurance — ➔ insurance * * * business life and health insurance UK US noun [U] (also key person insurance) ► INSURANCE insurance taken out by a company to protect against loss of income caused by the death or illness of an owner or important employee … Financial and business terms
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insurance commissioner — n. A public official who supervises the insurance business within a state. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary