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American Dictionary of the English Language

Webster's Dictionary 1828

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Insurance


INSU'RANCE, noun [from insure.] The act of insuring or assuring against loss or damage; or a contract by which one engages for a stipulated consideration or premium per cent to make up a loss which another may sustain. insurance is usually made on goods or property exposed to uncommon hazard, or on lives.

Insurance company, a company or corporation whose business is to insure against loss or damage.