1. PAR VALUE.
2. Insurance. The amount payable under an insurance policy. — Also termed face value; face amount insured by the policy; face of policy. [Cases: Insurance 2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.]
1. PAR VALUE.
2. Insurance. The amount payable under an insurance policy. — Also termed face value; face amount insured by the policy; face of policy. [Cases: Insurance 2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.]