Policyholder behavior definition

Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to this section including but not limited to lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract, but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract.
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Policyholder behavior means any action a policyholder,
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Policyholder behavior means any action a policyholder, contract holder, or any other
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Examples of Policyholder behavior in a sentence

  • Policyholder behavior is difficult to predict and behavior assumptions can significantly impact the results.

  • Policyholder behavior can vary due to interest rate risk because it can influence whether a policyholder decides to persist their policy or surrender it.

  • Policyholder behavior assumptions encompass actions such as lapses, withdrawals, transfers, recurring deposits, benefit utilization, option election.

  • Policyholder behavior can have a substantial impact on the value of the VA guarantees.

  • Indicators that a group of policies are managed together may include:• Consistent pricing or underwriting strategy• Internal management reporting bases• Capital Management• Reinsurance strategy Policyholder BehaviorPrinciple 10: Policyholder behavior should be reflected in the measurement of all liabilities Sub-Principle 10.01: There should not be a cash value floor to the Net Insurance Liability.


More Definitions of Policyholder behavior

Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options under a policy or contract, such as a certificate holder, may take under a policy or contract including lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract.
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Policyholder behavior means any action a policyholder, contract holder or any other person with
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Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options may take under a policy or
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Policyholder behavior means any action a policyholder, contract holder, or any other person with the right to elect options may take under a policy or contract subject to KRS 304.6-130 to 304.6-180, excluding events of mortality that
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Policyholder behavior. - means any action which a policyholder, contract holder, or any other person having the right to select options, such as the holder of a certificate, may take under a policy or contract subject to this Rule, including, but not limited to: expiry, withdrawing, transferring, depositing, paying premiums, borrowing, annualizing, or selecting benefits provided under the policy or contract, excluding mortality or morbidity events resulting in the benefits provided in their essential aspects by the terms of the policy or contract.
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Policyholder behavior means an action that a policyholder, a contract holder or a person who has the right to elect options, such as a certificate holder, may take pursuant to a policy or contract that is subject to the Standard Valuation Law and, if allowed pursuant to the policy or contract, includes lapses, withdrawals, transfers, deposits, premium payments, loans and annuitization and benefit elections, but excludes events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract;
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Policyholder behavior means any action a policyholder, contract holder or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to sections 58, 60, 63, 64, 65 and 66 of P.L.2014, c.81 (C.17B:19-1.1, C.17B:19-2.1, C.17B:19-11, C.17B:19-12, C.17B:19-13 and C.17B:19-14) including, but not
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