Insurer
/ɪnˈʃʊərər/
Definitions
- (n.) A party that provides insurance coverage, agreeing to compensate for specific losses in exchange for premiums.
The insurer paid the claim promptly after the accident.
Forms
- insurers
Related terms
See also
Commentary
In legal contexts, 'insurer' specifically denotes the entity assuming risk; clarity is crucial to distinguish from 'insured,' the party covered by the policy.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.