Policy

Definition

  • A plan or course of action that outlines or influences decision making for a government, political party, or business.
  • A contract made between an insurance company and an insured person or entity.

Synonyms
insurance contract, insurance policy, plan

Related Terms and Acronyms

  • Casualty Insurance Definition,
    • Insurance that covers losses and liability from injuries to others and/or damage to the property of others.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Fiscal Policy Definition,
    • The use of government spending and taxation policies to influence the economy.
  • Health Insurance (HI) Acronym,
    • Insurance that covers the costs of medical expenses for insured persons.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Insurance Policy Definition,
    • A legal contract between an insurer and entity that specifies what the insurer is required to cover and any benefits the insured entity is entitled to.
  • Liability Insurance Definition,
    • Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
  • Life Insurance Definition, Very Important,
    • An arrangement where an insurer agrees to pay a benefit to one or more beneficiaries in the event of the policyholder's death.
    CanEquity offers life insurance.
  • Monetary Policy Definition,
    • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • Non-Forfeiture Clause Definition,
    • A clause that allows a policyholder to receive partial or full benefits and/or a refund of premiums if the policy lapses due to unpaid premiums.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Underwriting Guide Definition,
    • The rules and guidelines an underwriter must follow while writing policies.
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