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.

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 ?
First, the excess policy must match the primary policy in terms of the policy period, the identification of the named insured, the nature of the commercial liability exposure that is addressed and the exclusions.
He advises meeting with a financial adviser at least twice yearly to monitor and maintain the investment component of the policy.
For a make-up policy to be effective, I believe it must be presented in writing in an annual studio policy sheet.
The WTO is fortunately already playing such a role for trade policy disputes.
Finally, no form policy can address the unique characteristics that certain companies present.
"We are very disappointed in the president's budget request for NOAA," says Ted Morton, federal policy director of the international nonprofit Oceana.
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.
Director, Defense Procurement and Acquisition Policy
In most countries, policy makers clearly regard career guidance services as being of value not only to the individuals who engage with them but to society as a whole.
The best prospects for such transactions are age 65 or older, have experienced a change in their health and are insured by a policy with a face amount of at least $100,000.
In discussions undertaken in light of the pending effective date of the Freedom of Information Act, the Committee agreed that information about monetary policy decisions should be made available to the public on a timely basis but that caution was needed so that the information released would not impair the Committee's ability to formulate and implement policy.
Often, dental assistants will be offered a professional liability insurance policy through their employer.

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