In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
Early English mahogany bed room suites; old Chippendale furniture; grand collection of old china ; Estate sale held on the premises
Lady Rokewode Gage ; John Lysaght
Subject: Insurance, Government employees' health
Latest issue consulted: 2nd session (Oct. 18th to 30th, 1871).