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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Death benefits for such policies depend on age stipulations decided on beforehand by the consumer and the insurer.
Their involvement in the development of these policies resulted in the changes being much more acceptable to, and accepted by, the wider university community.
Whether or not Treasury cites China for currency manipulation, it will still have to negotiate about China's exchange rate policies. The difference lies in negotiating with China from a position of credibility based on a straightforward reading of the evidence and on enforcement of the law versus negotiating without that credibility.
This court finds that genuine fact issues remain as to whether the P policies were substantive shams as a matter of law.
Guidance policies in the knowledge society: Trends, challenges and responses across Europe.
At the time he left the company Smith was age 81 and the policies had a combined cash value of $109,500.
Consequently, provinces began to enact welfare-to-work policies, fundamentally altering the previous notion that welfare was a rights' based program (Armstrong, 1997).
Policies can be developed for general communication and/or for specific areas such as financial communication or legal communication.
If your client is a charity or nonprofit organization, it may make sense to consider selling donated life policies to realize cash and eliminate future premiums.
A practical tiered-storage strategy is best pursued in incremental fashion: Defining data classes and their associated tiers of storage service, then implementing policies and service delivery processes--one class of data at a time.
The most likely reason for the lack of respect accorded excess D & O policies is that people often mistakenly believe that excess policies automatically adopt the same terms as the primary policy and therefore do not require additional negotiation.
When was the last time you checked your insurance policies to make certain all of the individuals and other legal entities that should be shown as Named Insureds are correctly listed?

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