INSURANCE A contract whereby, for an agreed premium, one party undertakes to indemnify the other against loss on a specified subject by specified perils. Related Articles: The Miracle of Tax Recover by Roger ElvickBONUS: How government justifies treating you as a subject and extorting you and what you can do about it!Glossary: ACCOUNTAn Essay On The History Of BankingGlossary: INSURABLE INTERESTSuch an interest in a subject of insurance as will entitle the person possessing it to obtain insurance. INDEMNIFY CONTRACT
