policy of insurance

policy of insurance
The parlance of the insurance business, the contract between the insured and the insurer. State ex rel. Sheets v Pittsburgh, Cincinnati, Chicago & St. Louis Ry. Co. 68 Ohio St 9, 67 NE 93. The formal document in which a contract of insurance appears. London Assur. Corp. v Paterson, 106 Ga 538, 32 SE 650. See annual dividend policy; assessment policy; blanket policy; deferred dividend policy; fire policy; life policy; old line policy; paid-up policy; running policy; term policy; tontine policy; valued policy; voyage policy; wager policy.

Ballentine's law dictionary. . 1998.

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