English to English Dictionary -insurance

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Insurance :: Insurance (n.) 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..

Insurance :: Insurance (n.) The premium paid for insuring property or life.

Insurance :: Insurance (n.) The sum for which life or property is insured.

Insurance :: Insurance (n.) A guaranty, security, or pledge; assurance..

Insurancer :: Insurancer (n.) One who effects insurance; an insurer; an underwriter.

Insurant :: Insurant (n.) The person insured.

Reinsurance :: Reinsurance (n.) Insurance a second time or again; renewed insurance.

Reinsurance :: Reinsurance (n.) A contract by which an insurer is insured wholly or in part against the risk he has incurred in insuring somebody else. See Reassurance.