policy

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Policy

The general principles by which a government is guided in its management of public affairs, or the legislature in its measures. A general term used to describe all contracts of insurance.

As applied to a law, ordinance, or Rule of Law, the general purpose or tendency considered as directed to the welfare or prosperity of the state or community.

policy

(Contract), noun agreement, arrangement, contractual obligation, contractual statement, insurance contract, legal document, mutual agreement, mutual underraking, obligation, pact, schedule, understanding
Associated concepts: insurance policy

policy

(Plan of action), noun approach, consilium, course, course of action, course of conduct, doctrine, essablished order, fundamental principles, general guidelines, general principles, governing course of action, governing plan, governing principle, line, line of action, line of connuct, management, manner of proceeding, method, mode of management, party line, plan, plan of campaign, polity, prescribed form, principles, procedure, proposal, proposed action, proposition, rule of accion, scheme, stratagem, ways
Associated concepts: public policy
See also: course, direction, guide, platform, polity, practice, principle, procedure, process, program, rule, scheme, strategy, system

POLICY, PUBLIC. By public policy is meant that which the law encourages for the promotion of the public good.
     2. That which is against public policy is generally unlawful. For example, to restrain an individual from marrying, or from engaging in business, when the restraint is general, in the first case, to all persons, and, in the second, to all trades, business, or occupations. But if the restraint be only partial, as that Titius shall not marry Moevia, or that Caius shall not engage in a particular trade in a particular town or, place, the restraint is not against public policy,, and therefore valid. 1 Story, Eq. Jur. Sec. 274. See Newl. Contr. 472.

References in periodicals archive ?
The CM&R policy form, like the CM form, requires that a claim first be made against you during the policy period.
We find that forecast accuracy in the near term (a one-quarter forecast horizon) is better across the whole spectrum of the term structure in the unconventional policy period (figure 1).
As it turns out, a policy that covers a claim made against the insured during the policy period, reported by the insured to the insurer as soon as practicable, for a loss that was not known to the insured prior to policy inception, can be found to be ambiguous.
Customers have the option of paying a single premium upfront for the entire policy period of five years.
That is, the policies provide coverage for specific types of claims that are first made during the policy period.
Among other measures, CII has recommended availability of industrial infrastructure through a corporation that would rent out facilities to MSME; withdrawal of Import Duty exemptions available to foreign suppliers of security features such as security thread; and reinstate the benefits till the policy period 31.
If this is too technical, how about asking a simple question such as the total amount you will get at the end of the policy period and how does the return compare with returns from other debt products?
PJA executive director Ann Saunders said: "Rodi isn't qualified because the date of the incident has to be within the policy period, and the policy started on April 2.
The matching of a claim made against the insured and its requirement to report the claim to the insurer during the policy period enables the insurer to "close the books" on expired policies.
In Texas, the state department of insurance (DOI) has a consumer bill of rights stating that policyholders actually are entitled to spread the cost of coverage throughout the policy period.
H o m e S e r v e 's policy would cover a customer for two such incidents, up to pounds 3,000 for both per policy period.
Almost every professional liability insurance policy is a "claims made" policy, which typically provides coverage only for claims first made against the insured and reported to the carrier in writing during the policy period.

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