Sentences with participating insurance
par·tic·i·pate in·sur·ance
P p - Dividends are distributable to policyholders of participating insurance contracts as determined by the insurer and apportioned to policyholders on an equitable basis.Dividends return part of the premium on participating insurance to policyholders to reflect the difference between the premium charged and the combination of actual mortality, expense, and investment experience.Participating insurance is a system of insurance in which policyholders receive dividends from the company's profit.
- The opposite of this is nonparticipating, where policyholders do not have a right to a share in a company's profits.