"Insurance" is a word in LAW AND LEGAL, ENGLISH
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 "underwrit-er;” the other, the "insured" or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks" or “perils;” and the subject, right, or interest to be protected, the “insurable interest" 1 Phil. Ins. §§ 1-5
The premium paid for insuring property or life.
A guaranty, security, or pledge; assurance.
The sum for which life or property is insured.
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.
Form delicious bonds. Be the fruit that others seek when their hearts and souls are hungry.
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