What is the Definition of Participating Policy?
A type of insurance policy that allows policy owners to receive policy dividends. Also known as par policy. (See Dividend)
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Participating Policy?
You can find random definition and meaning of insurance terms below:
What is the meaning of Insurable Interest
Exists when an individual would suffer an economic loss as the result of damage to property or bodily injury.
What is the meaning of Insurance
Insurance is a system in which groups of people who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many people together. In exchange for payment of premium, the insurer promises to reimburse the person for their covered losses.
What is the meaning of Insurance Fraud
The act of falsifying or exaggerating the facts of an accident to an insurance company to obtain payment that would not otherwise be made. Common types of insurance fraud are staged accidents, exaggerated injuries, and inflated medical bills.
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