Life Insurance

The technical definition of "indemnity" means to make whole again. There are two types of Life Insurance insurance contracts; 1) an "indemnity" policy and 2) a "pay on behalf" or "on behalf of" policy. The difference is forceful on paper, but rarely material in practice.

Recent theoretical economic research on the social welfare effects of Progressive's telematics technology career action patents have questioned whether the business mechanism patents are pareto conducive for society. Premliminary results suggest that they are not, but more elbow grease is needed.