policy


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Related to policy: public policy

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 ?
Tigner's company provided him with a variable universal life policy for $150,000 about seven years ago, and then another for $750,000 about two years ago, replacing the whole life policy he had purchased previously.
For a make-up policy to be effective, I believe it must be presented in writing in an annual studio policy sheet.
In the process, not only is the nature of Zionist near-monopoly over foreign policy decision-making demystified, but also the failures of Arab influence are critically analyzed.
This policy response in facing asset inflation with stable consumer prices could become a model policy if such a situation occurred in other countries.
In the past, companies facing these situations had three choices, depending on the type of policy: 1) recover some of the investment and surrender the policy for its cash value; 2) allow it to lapse, and write off years of premium payments as a necessary but unrecoverable business cost; or 3) continue to pay premiums until the death of the insured.
When an individual or business engages in a life settlement transaction, the amount it recoups is based on the policy's face amount and cash surrender value as well as other factors, such as the insured's health, age and the current policy premium.
Accordingly, in June 1967, the Committee announced that it would release the Record of Policy Actions about ninety days after each meeting and would also publish it in the Federal Reserve Bulletin.
The new policy required Chicago's lowest-performing third-, sixth-, and eighth-grade public school students to attend summer school and possibly repeat a grade at least once if they did not meet minimum reading and math test-score cutoffs on the Iowa Tests of Basic Skills (ITBS).
Social Welfare Policy and Lesbian, Gay, Bisexual and Transgender Communities
It's vital that you determine what your perceived communication policy is before you begin developing a formal, written one.
A student's dress and general appearance should not be such that it draws undesirable attention to the student, nor should the dress and appearance detract or interfere with teaching and learning in the classrooms or activities on the campus,'' the proposed policy states.
Confusion over the meaning of risk management and insurance terms can lead to policy structure and coverage problems.

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