Insurance Definition Black S Law Dictionary
The 2nd edition has over 15k legal terms for your business and research use.
Insurance definition black s law dictionary. 1 an accident which could not have been foreseen or guarded against such as a shipwreck caused by storm or fire caused by lightning. The easiest to read most user friendly guide to legal terms. Law dictionary black s law dictionary 2nd ed. For the definition of a legal term enter a word or phrase below.
2 the loss as in life from such an unavoidable accident. All words any words phrase. The party agreeing to make the compensation is usually called the insurer or underwriter 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. Black s law dictionary definitions of the terms and phrases of american and english jurisprudence ancient and modern contributing authors.
Intentional dishonest act by not fulfilling legal or contractual obligations misleading another entering into an agreement without the intention or means to fulfill it or violating basic. This dictionary is based on black s law dictionary 2nd edition with a large volume of additions for all of your legal dictionary needs. To find all definitions that include a specific term enter a word or phrase below. The courts remain inconsistent on the exact definition.
Supreme court has cited the dictionary as a secondary legal authority in many u s. A contract whereby for specified consideration one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence. The law dictionary features black s law dictionary the trusted legal dictionary of law definitions and terms for over 100 years. A contract whereby for a stipulated consideration one party undertakes to compensate the other for loss on a specified subject by specified perils.
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