Insurer

The party to an insurance arrangement who undertakes to indemnify for losses, provide pecuniary benefits, or render services. It is desirable to use the word "insurer" in preference to "carrier" or "company" since it is a functional word applicable without ambiguity to all types of individuals or organizations performing the insurance function. The word insurer is generally used in statutory law

See Also: Individual policy; Indemnity Plan; Insurance Department; Insurance; Insurable Risk; Industrial Risk Insurers; Incurred Losses;

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