What is the Definition of Separate Account?

What is the Definition of Separate Account?

In the United States, an investment account maintained separately from an insurer’s general account to help manage the funds placed in variable insurance products such as variable annuities. Contrast with General account. (See Segregated account)

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 Separate Account?

You can find random definition and meaning of insurance terms below:


What is the meaning of Reported Losses

Includes both expected payments for losses relating to insured events that have occurred and have been reported to the insurance company, but not yet paid.


What is the meaning of Reserve

A portion of the premium retained to pay future claims


What is the meaning of Reserve Credit

reduction of reserve amounts for reinsurance ceded. Reductions may include the claim reserve and/or the unearned premium reserve.


Thank you for visiting our website and read this FAQ article about "What is the Definition of Separate Account?". We hope you get what you searching for.

definitionly.com is a website that contains information about the definition or meaning of a word. You can search for the terms you are looking for in the search field above.

Related Posts

Subscribe Our Newsletter