police court

A court of first instance for the trial of offenders arrested on charges preferred by the police. police-force, s . [POLICE, 2.] police-inspector, s. An officer of police ranking above a captain, and below a superintendent. 1. Comm.: A document containing a promise to pay a certain sum of money on the occurrence of some event. In return for this promise a sum of money is paid down, called the premium (q. v.). By to disasters at sea; to destruction of property by fire; to making provision for heirs and succe ors in case of death, and to lo of time and expense through accident. The practice of insurance has also been extended to making provision against lo of crops from bad weather, against destruction of gla from storms and accidents, . In every case a form is filled up containing a promise to pay a certain sum in the event of the happening of the specified contingency, and this document is always called the policy. Although an insurance policy is a contract, it is only signed by one party, the insurer, who for that reason is called the underwriter, and forms, therefore, what is called in law an unilateral contract. Marine policies are of two kinds: (1) Valued policy, one in which the goods or property insured are at a specified value: (2) Open policy, one in which the value of the goods or property is not mentioned. [ASSURANCE, INSURANCE.] 2. A ticket or warrant for money in the public funds. ( Eng.) Wager Policies , Wagering Policies: Policies containing the phrase, "interest or no interest, intended to signify insurance of property when no property is on board the ship. They are not recognized in law. policy-holder, subst. One who holds a policy or contract of insurance.