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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

insurance policy  

Definition 1.

A contract of insurance, describing the term, coverage, premiums and deductibles. also called policy.
 

Definition 2.

A contract detailing an insurance policy and outlining what risks are insured, what insurance premiums are to be paid by the policyholder, what deductibles prevail, and all the details associated with a policy.
 
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