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Noah Webster's 1828 American Dictionary
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1828 Definition

INSU'RANCE, n. [from insure.] The act of insuring or assuring against loss or damage; or a contract by which one engages for a stipulated consideration or premium per cent to make up a loss which another may sustain. Insurance is usually made on goods or property exposed to uncommon hazard, or on lives.

Insurance company, a company or corporation whose business is to insure against loss or damage.

1913 Definition
Insurance (insurance)
n.(?)
In*sur"ance
[From Insure.]

  1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.

    * The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. Johnson's Cyc.

  2. The premium paid for insuring property or life.
  3. The sum for which life or property is insured.
  4. A guaranty, security, or pledge; assurance.
    [Obs.]

    The most acceptable insurance of the divine protection. Mickle.

    Accident insurance, insurance against pecuniary loss by reason of accident to the person. -- Endowment insurance or assurance, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. -- Fire insurance. See under Fire. -- Insurance broker, a broker or agent who effects insurance. -- Insurance company, a company or corporation whose business it is to insure against loss, damage, or death. -- Insurance policy, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured. -- Life insurance. See under Life.


1828 dictionary
Noah Says...
An attempt to conduct the affairs of a free government with wisdom and impartiality, and to preserve the just rights of all classes of citizens, without the guidance of Divine precepts, will certainly end in disappointment. God is the supreme moral Governor of the world He has made, and as He Himself governs with perfect rectitude, He requires His rational creatures to govern themselves in like manner. If men will not submit to be controlled by His laws, He will punish them by the evils resulting from their own disobedience.…
 Letter to David McClure :: October 25, 1837 




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