Insurance on which the policyholder is entitled to share in the surplus earnings of the company through policy dividends that reflect the difference between the premium charged and the cost to the company of providing the insurance.
The life insurance, sold by some life companies, on which dividends may be payable to policy owners. The amount and timing of the dividend payments are determined by the company board of directors.
Policies that entitle the policyholder to receive dividends reflecting the difference between the premium charged and the actual operating expenses and mortality experience of the company; the premium is calculated to provide some margin over the anticipated cost of the insurance protection. If expenses and mortality are lower than anticipated so that an excess of premium has been collected, a portion of the excess available is returned to the insured in the form of dividends. Such policies are usually written by mutuals, sometimes by reciprocals, and occasionally by stock companies.
Insurance that allows the insured to share in the profits of the insurance operation. Profits are shared in the form of dividends which may also include the refund of part or all of an initial increase or overcharge in premium.
Insurance on which policyholders share in the surplus earnings attributed to that business. "Policyholder dividends" are payable. The premium is based on an estimate of future earnings at a somewhat lower level and costs at a somewhat higher level than the company believes most likely will occur.
Life insurance where the policy owners share in surplus earnings attributed to that business. Premiums are based on an estimate of future earnings at a somewhat lower level and costs at a somewhat higher level than the company believes most likely will occur. Where a surplus occurs, a "policy dividend" is distributed to the policy owners who have participating policies.
Insurance issued by an insurance company providing participation in dividend distribution.
Insurance where the policyholder may share the surplus earnings of the insurance company; this is done through dividends (i.e. the difference between premiums and actual costs of coverage).
insurance or reinsurance which contributes proportionately with other insurance on the same risk.
Insurance on which the policy owner is entitled to share in the surplus earnings of the company through dividends which reflect the difference between the premium charged and the actual earnings and costs of providing coverage.