in·sure /in-'shu̇r/ vb in·sured, in·sur·ing
vt: to assure against a loss by a contingent event on certain stipulated conditions or at a given rate of premium: give, take, or procure insurance on or for
vi: to contract to give insurance: underwrite; also: to procure or effect insurance
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.