...Massachusetts it was prohibited by the statute pleaded. That statute defines a contract of insurance as "an agreement by which one party, for a consideration, promises to pay money or Its -VJ) (N. Jequivalent, or to do some act of value to the assured upon the destruction of something of...

...which one contractor party for a consideration promises to pay money or its equivalent lnsuranceor to do some act of value to the assured upon the destruction, loss or injury of something in which the other party has an interest as an indemnity therefor; and...

..." destruction " after the word " loss," so that the section will read: " A contract of insurance is an agreement by which one party, for a consideration,...act of value to the assured upon the destruction. loss, or injury of something in which the other party has an interest," etc. Chapter 186. An act to...

...Insurance contract defined. Code 1906, 5 2563. Under Code 1906, § 2563, defining an insurance contract as "an agreement by which one party for a consideration promises to pay money or its equivalent or do some act of value to the assured upon the destruction, loss or injury of something in which the...

...five hundred dollars ($500).'' The Massachusetts statute defined a contract of insurance as follows: "An agreement by which one party for a consideration promises to pay money or its equivalent or to do an act valuable to the insured, upon the destruction, loss or injury of something in which the other...

...not come within the definition of an insurance contract, as found in section 3 (that is, if it is not an agreement by which one party, for a consideration,...upon the destruction or injury of something in which the other party lias an interest), it involves the payment of money or something else of value to the...

...authoritiies are substantially agreed that insurance may be defined as an agreement by which one person for a consideration promises to pay money or its equivalent, or to perform some act of value to another on the destruction, death, loss or injury of someone or something...

...Code defines a contract of insurance as an agreement for consideration and promise to pay money, or equivalent, or to do some act of value to the assured..."upon the destruction or injury of something in which the other party has an insurable interest" Section 8354 of the Code excepta "any fire insurance company...

...an unknown or contingent event and is applicable only to some contingency or act to occur in future. An, agreement by which one party for a consideration promises to pay money or its equivalent or to do an act valuable to other party upon, destruction, loss, or injury of something in which another party...

...indemnity, or security against loss, for a stipulated consideration .... [A] contract of insurance is an agreement by which one party for a consideration promises to pay money , or its equivalent, or do some act of value to the assured, upon the destruction or injury of something in which the other...