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Quote-a-Day Gifts
Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

September 21, 2017
PrintedOwl.com
The business of insurance is not specifically defined by any federal or state law. The closest legal definition of insurance was spelled out in the 1941 Supreme Court case of Helvering v. LeGierse. In defining life insurance, the justices concluded that two criteria must be met: risk of economic loss must be transferred, and it must be distributed among several parties.
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