Insurance
Legal definition for Indian law research
Definition
insurance
1 : the action, process, or means of insuring or the state of being insured usually against loss or damage by a contingent event (as death, fire, accident, or sickness)
2 a : the business of insuring persons or property
b : coverage by contract whereby for an agreed payment one party agrees to indemnify or guarantee another against loss by a specified contingency or peril
c : the principles and practice of the business of insuring
3 : the sum for which something is insured
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.