Insurance 07 : A contract whereby the insurer agrees, for payment of a premium by the insured, to idemnify the insured against losses resulting from certain events. The policy is the document which contains the insurance contract
Ministry of Business, Innovation and Employment, Glossary of terms and acronyms, Wellington, New Zealand 2010. http://wwwsosh.govt.nz/resources/glossary-u.shtml, (Occupn Hlth and Sfty - Brit) {530}