[in-shoo r-uh-buh l, -shur-] /ɪnˈʃʊər ə bəl, -ˈʃɜr-/
capable of being or proper to be , as against loss or harm.
- Insurable interest
noun 1. (law) a financial or other interest in the life or property covered by an insurance contract, without which the contract cannot be enforced
[in-shoo r-uh ns, -shur-] /ɪnˈʃʊər əns, -ˈʃɜr-/ noun 1. the act, system, or business of property, life, one’s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. 2. coverage by contract in which one party agrees […]
- Insurance carrier
noun an insurance company; an insurer
[in-shoo r-uh nt, -shur-] /ɪnˈʃʊər ənt, -ˈʃɜr-/ noun 1. a person who takes out an insurance policy.