Closed block of business definition

Closed block of business means a block of business which a carrier ceases to actively offer or sell to new applicants.
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Closed block of business means a block of business that a
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Closed block of business means a block of business where an insurer ceases to market or sell in Wyoming any new individual, group or blanket disability insurance contracts under a particular policy form and no new contracts are being added to the block;
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Examples of Closed block of business in a sentence

  • Closed block of business for participating life policies of a Class 1 mutual company.


More Definitions of Closed block of business

Closed block of business means a block of business for which an insurer ceases to actively market, sell, and issue new contracts under a particular policy form in this State.
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Closed block of business means a block of business for which an
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Closed block of business means a block of business which an insurer ceases
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Closed block of business means a block of business which an insurer ceases to actively offer or sell to new applicants.
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Related to Closed block of business

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • Average Invested Assets means, for a specified period, the average of the aggregate book value of the assets of the Company invested, directly or indirectly, in Properties, Loans and other Permitted Investments secured by real estate before reserves for depreciation or bad debts or other similar non-cash reserves, computed by taking the average of such values at the end of each month during such period.