# Insurance Policy

**IRI:** https://folio.openlegalstandard.org/R9uTFHGFCMBjtYw5MOmpotJ

## Labels

## Definition

An insurance policy is a contract between an insurance provider and a policyholder that outlines the terms and conditions under which the insurer will provide coverage and financial compensation for specific risks, events, or damages. The policy specifies the premiums to be paid by the policyholder, the coverage limits, and the obligations of each party in the event of a claim.

## Sub Class Of

- https://folio.openlegalstandard.org/RxmjoCAyfDHKhwXHlwikL

## Parent Class Of

- https://folio.openlegalstandard.org/R75X7YZe3jw77Sogk8Vz8NT
- https://folio.openlegalstandard.org/RCjgFvO2VxpIklnhZMbSD9k
- https://folio.openlegalstandard.org/RCx52UAWgVQUnCDTQXlxMgU
- https://folio.openlegalstandard.org/RDMlfBHhw2Mfk0FBrVCQJY9
- https://folio.openlegalstandard.org/Rq6neiK9deZLSfSa41jylg

## See Also

- https://folio.openlegalstandard.org/RB2MwY72GbUZH9ccu7omcmE
- https://folio.openlegalstandard.org/RBl2WJxJ69U7TybdQRUInbs
- https://folio.openlegalstandard.org/Rt7TTPXJ7WX1Jrjufs0Mdr

**Deprecated:** False