Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Bailee policy
see insurance policy.
Basic-form policy.
see insurance policy
CGL policy
See comprehensive general liability policy under INSURANCE POLICY.
National Environmental Policy Act
A 1969 federal statute establishing U.S. environmental policy. ( The statute requires federal agencies to submit an environmental-impact statement with every proposal for a program or law that would affect the environment. 42 USCA §§ 4321-4347 - Abbr. NEPA. See ENVIRONMENTAL-IMPACT STATEMENT.
Petite policy
The Department of Justice rule forbidding a federal prosecution after a previous state or federal prosecution based on the same acts unless (1) the prosecution has been approved by the Assistant Attorney General, (2) there is a substantial federal interest supporting the prosecution, (3) the previous prosecution failed to vindicate the federal interest, and (4) there is sufficient evidence to sustain a conviction. Petite v. United States, 361 U.S. 529, 80 S.Ct. 450 (1960). "('Petite Policy') .... The purpose of this policy is to vindicate substantial federal interests through appropriate federal prosecutions, to protect persons charged with criminal conduct from the burdens associated with multiple prosecutions and punishments for substantially the same act(s) or transaction(s), to promote efficient utilization of Department resources, and to promote coordination and cooperation between federal and state prosecutors." United States Attorneys' Manual § 9-2.031 (Sept. 1997). "In response to the Court's continuing sensitivity to the fairness implications of the multiple prosecution power, the Justice Department adopted the policy of refusing to bring a federal prosecution following a state prosecution except when necessary to advance compelling interests of federal law enforcement. The Petite policy was designed to limit the exercise of the power to bring successive prosecutions for the same offense to situations comporting with the rationale for the existence of that power. Although not constitutionally mandated, this Executive policy serves to protect interests which, but for the 'dual sovereignty' principle inherent in our federal system, would be embraced by the Double Jeopardy Clause. In light of the parallel purposes of the Government's Petite policy and the fundamental constitutional guarantee against double jeopardy, the federal courts should be receptive, not circumspect, when the Government seeks leave to implement that policy." Rinaldi v. United States, 434 U.S. 22, 28-29, 98 S.Ct. 81, 85 (1977) (citation omitted).
Policy
1 The general principles by which a government is guided in its management of public affairs. See PUBLIC POLICY. 2. A document containing a contract of insurance; INSURANCE POLICY. 3. A type of lottery in which bettors select numbers to bet on and place the bet with a "policy writer."
Policyholder
One who owns an insurance policy, regardless of whether that person is the insured party. - Also termed policyowner.
accident policy
A type of business or personal policy that insures against loss resulting directly from bodily injuries sustained during the policy term solely by accidental means.
annuity policy
an insurance policy providing for monthly or periodic payments to the insured to begin at a fixed date and continue through the insured's life.
assessable policy
see insurance policy,
bailee policy
A floating policy that covers goods in a bailee's possession but does not particularly describe the covered goods.
basic-form policy
A policy that offers limited coverage against loss. 0 A basic-form policy generally covers damages from fire, windstorm, explosion, riot, aircraft, vehicles, theft, or vandalism. - Also termed limited policy.
blanket policy
An agreement to indemnify all property, regardless of location.
blanket policy.
See INSURANCE POLICY.
block policy
An all-risk policy that covers groups of property (such as property held in bailment or a business's merchandise) against most perils. See all-risk insurance under INSURANCE.
block policy.
See INSURANCE POLIO i .
broad-form policy
See INSURANCE POLICY.
claims-made policy
An agreement to indemnify against all claims made during a specified period, regardless of when the incidents that gave rise to the claims occurred. -Also termed discovery policy.
closed policy
An insurance policy whose terms cannot be changed. ( A fraternal benefit society is not permitted to write closed policies. - Also termed closed insurance contract.
commercial general liability policy
See comprehensive general liability policy.
completed-operations policy
A policy usu. purchased by a building contractor to cover accidents arising out of a job or an operation that the contractor has completed.
comprehensive general liability policy
An insurance policy, usu. obtained by a business, that covers damages that the insured becomes legally obligated to pay to a third party because of bodily injury or property damage. - Often shortened to CGL policy; general liability policy. - Also termed commercial general liability policy.
concurrent policy
One of two or more insurance policies that cover the same risk. Concurrent insurance policies are stated in almost identical terms so that liability can be apportioned between the insurers.
corrected policy
A policy issued after a redetermination of risk to correct a misstatement in the original policy.
criminal policy
The branch of criminal science concerned with limiting harmful conduct in society. ( It draws on information provided by criminology, and its subjects for investigation are (1) the appropriate measures of social organization for preventing harmful activities, and (2) the treatment to be accorded to those who have caused harm, whether the offenders are to be given warnings, supervised probation, medical treatment, or more serious deprivations of life or liberty, such as imprisonment or capital punishment.
discovery policy
See claims-made policy.
endowment policy
A life-insurance policy payable at the end of a specified period, even if the insured survives that period, or upon the insured's death if death occurs before the end of the period.
excess policy
See excess insurance under INSURANCE.
extended policy
A policy that remains in effect beyond the time when premiums are no longer paid.
face amount insured by the policy
See FACE AMOUNT.
face of policy
See FACE AMOUNT.
first policy year. Insurance
The first year of a life-insurance policy that is annually renewed. ( This statutory phrase prohibits an insurer from using the policy's suicide exclusion as a defense - and refusing payment on the policy - when an insured commits suicide after the first year of the policy. The insurer can invoke the suicide exclusion as a defense to payment only if the insured commits suicide in the first policy year.
floating policy
An insurance policy covering property that frequently changes in quantity or location, such as jewelry. - Also termed running policy; blanket policy.
floating policy.
See INSURANCE POLICY.
following-form policy
An insurance policy that adopts the terms and conditions of another insurance policy.
gambling policy
See wager policy.
general liability policy
See comprehensive general liability policy under INSURANCE POLICY.
group policy
See master policy.
homeowner's policy
A multiperil policy providing coverage for a variety of risks, including loss by fire, water, burglary, and the homeowner's negligent conduct.
homeowner's policy.
See INSURANCE POLICY
incontestable policy
A policy containing a provision that prohibits the insurer from contesting or canceling the policy on the basis of statements made in the application.
insurance policy
1. A contract of insurance. 2. A document detailing such a contract. - Often shortened to policy. - Also termed policy of insurance; contract of insurance.
interest policy
A policy whose terms indicate that the insured has an interest in the subject matter of the insurance. Cf. wager policy.
joint life policy
See INSURANCE POLICY.
lapsed policy
1. An insurance policy on which there has been a default in premium payments. 2. An insurance policy that, because of statutory provisions, remains in force after a default in premium payments. ( Statutes normally provide a 30- or 31-day grace period after nonpayment of premiums.
level-rate legal-reserve policy
A policy that seeks to build a reserve equal to the policy's face value by the end of the insured's life.
life policy
A life-insurance policy that requires lifetime annual fixed premiums and that becomes payable only on the death of the insured. - Also termed regular life policy.
limited policy
See INSURANCE POLICY.
limited policy insurance
See INSURANCE.
manuscript policy
An insurance policy containing nonstandard provisions that have been negotiated between the insurer and the insured.