Insurance Company


A firm that, for a fee (the premium), agrees to issue an insurance policy and pay any claim that may arise from loss, delay, or damage covered by the terms and conditions of the insurance policy.

United States

In the United States, insurance companies are usually classified as fire and marine, life, casualty, and surety companies and may write only the kinds of insurance for which they are specifically authorized by their charters.

Was this article helpful?

Related Articles

Need Support?

Can't find the answer you're looking for?
Contact Support