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 ?
5 million without ascertaining the loss caused to the policy holder in terms of the above referred section.
Porting in health insurance sector is current adopted in many developed countries, where policy holders have the freedom to switch to any other insurer at any time during the tenure of the policy, which is generally a year.
By contrast, although the policy holder is the client of counsel, the policy holder generally has far less control over the actions of counsel.
If approved, Florida would become the first state in the nation to have such a form provided to insurance Policy holders who are sued, he said.
Ghulam Ali, learned counsel for the applicant stated that the applicant as per its policy allows its policy holders to withdraw up to 90% of the amount deposited by them with the applicant as premium in respect of their policies.
Claim Care Central offer a complete solution for stressed and emotional policy holders who have experienced property related damage.
The society aims to reach a compromise with its guaranteed annuity rates (ARs) policy holders - which are expected to cost Equitable pounds 1.
The insurance company will select the attorney and the policy holder has the right to ask about the lawyer's experience and qualifications.
It reckons that takeover deals could mean handsome payouts of cash or shares for policy holders.
Brilliant and bright," Scott Gilbert was ranked in the first tier of policy holder insurance law practitioners.
KARACH) -- The State Life Insurance has earned a profit of Rs154 billion during 2016-17 and distributed over Rs38 billion among its policy holders.
The guidelines also stipulate a number of policy holder protection measures such as grievance redressal mechanism, rights of policy holders to opt out, obligations of insurers, inter repository transfers etc.

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