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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.


(Contract), noun agreement, arrangement, contractual obligation, contractual statement, insurance contract, legal document, mutual agreement, mutual underraking, obligation, pact, schedule, understanding
Associated concepts: insurance 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 ?
In defense of the rescission action, Good Eats asserts ABC waived the right to rescind the policy because it knew Good Eats had live entertainment and employed security before issuing the policy for policy year 2.
where [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII] is the 1-year spot rate prevailing in policy year x - 30, Loading represents the charged loading rate as a percentage of the net level premium, and [Exp.
For the one year study periods from 1995-2000, the select period experience by policy year with expected mortality based on the 2001 VBT Basic Tables follow.
The insurer chooses one as representative of your upcoming policy year estimate.
Chart 4 shows that in both years, there was a "second peak" for claims in the ninth policy year for 1979 originations and in the eighth policy year for 1980 originations.
A Four-Year Term Rider that provides last survivor term insurance during the first four policy years for added estate flexibility and protection
Without a commitment to make cost-sharing reductions to insurers for the entire 2018 policy year, I will be forced to permit our insurers to build the instability caused by this uncertainty into their rates.
25 percent of the average fund value are added every year after the completion of the sixth policy year.
Have insurers file rates that extend for the entire 12-month policy year.
Members insured in the SPE Disability Income Plan as of April 30, 2002, will receive a premium credit of 30% of their premium due for the policy year May 1, 2002, through April 30, 2003.
The policy also has a Growth Guard option, which automatically increases property and business income limits up to 100 percent over the course of the policy year.

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