Participating policy definition

Participating policy means a policy that grants a holder the right to receive dividends if, as, and when declared by the mutual company.

Participating policy means a policy issued by a registered insurer or reinsurer that entitles its holder to participate in the profits of the registered insurer or reinsurer;

Participating policy means a policy that is issued by an insurer that entitles its holder to participate in the profits derived from participating policies of the insurer;

Examples of Participating policy in a sentence

• In other words, the Company will try to even out the payout to policyholders and as such, the actual investment return of the fund or sub-fund that the Participating policy belongs to, will not exactly correspond to the investment income allocated towards the dividend payout.

• In other words, the Company will try to even out the payout to policyholders and as such, the actual investment return of the fund or sub-fund that the Participating policy belongs to, will not exactlycorrespond to the investment income allocated towards the dividend payout.

• Short-Term Interim UsesIn long-term development projects, negotiating leases and development agreements and completing entitlement approvals can take several years.

• Participating policy holders can receive a distribution when solvency requirements are met.

• The reserve premium with respect to a Participating policy is required to be repaid to the Participating Member within 60 days if the Company terminates or fails to renew the policy; in all other cases, the reserve premium generally is not required to be repaid for five years after the insured cancels, terminates, or fails to renew the policy.

More Definitions of Participating policy

Participating policy means the Policy is eligible for share of profit depending upon the Corporation’s experience in accordance with the terms and conditions of the policy.

Participating policy means a policy issued by a mutual insurance company that grants a holder the right to receive declared dividends.

Participating policy means a Policy which for the time being confers a present entitlement to participate in the profits of the Society;

Participating policy means a life policy conferring any right to share in the profits or surplus arising from the business of the insurer or any part of it, and “non-participating policy” means a life policy not conferring any such right.

Participating policy means a policy issued by an exchange that grants the policyholder the right to receive policy dividends if declared by the exchange.

Participating policy means a policy of a mutual

Participating policy means a policy that grants a holder the right to receive dividends