Definition of "insurance" []

• The act, business, or system of insuring. (noun)
• The state of being insured. (noun)
• A means of being insured. (noun)
• Coverage by a contract binding a party to indemnify another against specified loss in return for premiums paid. (noun)
• The sum or rate for which such a contract insures something. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "I want to see Randy answer this question: 1. Accepting arguendo that mandating a person to buy health insurance is not regulation of commerce, there is no question that the rest of the bill is regulating the interstate market in health insurance*."
• "Spin to Win gives customers the chance to win one of eight prizes ranging from £50 off your caravan and motorhome insurance to one month's free car insurance*."
• "Health care is a right of every American that previously used to fall between the 85% of Americans who were covered under private insurance and the 94% of Americans who will now be covered under insurance*"