Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
2. The premium paid for insuring property or life.
3. The sum for which life or property is insured.
4. A guaranty, security, or pledge; assurance. [Obs.]
The most acceptable insurance of the divine
protection. --Mickle.
{Accident insurance}, insurance against pecuniary loss by
reason of accident to the person.
{Endowment insurance} or {assurance}, a combination of life
insurance and investment such that if the person upon
whose life a risk is taken dies before a certain specified
time the insurance becomes due at once, and if he
survives, it becomes due at the time specified.
{Fire insurance}. See under {Fire}.
{Insurance broker}, a broker or agent who effects insurance.
{Insurance company}, a company or corporation whose business
it is to insure against loss, damage, or death.
{Insurance policy}, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
{Life insurance}. See under {Life}.
Whereof he hath given assurance unto all men, in
that he hath raised him from the dead. --Acts xvii.
31.
Assurances of support came pouring in daily.
--Macaulay.
2. The state of being assured; firm persuasion; full
confidence or trust; freedom from doubt; certainty.
Let us draw with a true heart in full assurance of
faith, having our hearts sprinkled from an evil
conscience. --Heb. x. 22.
3. Firmness of mind; undoubting, steadiness; intrepidity;
courage; confidence; self-reliance.
Brave men meet danger with assurance. --Knolles.
Conversation with the world will give them knowledge
and assurance. --Locke.
4. Excess of boldness; impudence; audacity; as, his assurance
is intolerable.
5. Betrothal; affiance. [Obs.] --Sir P. Sidney.
6. Insurance; a contract for the payment of a sum on occasion
of a certain event, as loss or death.
Note: Recently, assurance has been used, in England, in
relation to life contingencies, and insurance in
relation to other contingencies. It is called temporary
assurance, in the time within which the contingent
event must happen is limited. See {Insurance}.
7. (Law) Any written or other legal evidence of the
conveyance of property; a conveyance; a deed.
Note: In England, the legal evidences of the conveyance of
property are called the common assurances of the
kingdom. --Blackstone.