Participating policy definition

Participating policy means a policy that grants a holder the right to receive dividends if, as, and when declared by the mutual company.

Participating policy means a policy issued by a registered insurer or reinsurer that entitles its holder to participate in the profits of the registered insurer or reinsurer;

Participating policy means a policy that is issued by an insurer that entitles its holder to participate in the profits derived from participating policies of the insurer;

Examples of Participating policy in a sentence

• Participating policy participates in the performance of insurance fund and is entitled to distribution of Bonus.

• If the policy is a Participating policy, the specifications page shall indicate that the dividends are not guaranteed.

• A domestic corporation surviving or resulting from a merger or consolidation with a corporation that resulted from a reorganization of a mutual insurer under the laws of any other jurisdiction as provided by section 26.1-12.1-03.9. "Participating policy" means a policy that grants a holder the right to receive dividends if, as, and when declared by the mutual company.10.

• Participating policy participates in the performance of participating insurance fund and the surplus is distributed as bonus.

• Non Participating policy does not participate in the performance of insurance fund and is not entitled to distribution of Bonus.

More Definitions of Participating policy

Participating policy means the Policy is eligible for share of profit depending upon the Corporation’s experience in accordance with the terms and conditions of the policy.

Participating policy means a policy issued by a mutual insurance company that grants a holder the right to receive declared dividends.

Participating policy means a Policy which for the time being confers a present entitlement to participate in the profits of the Society;

Participating policy means a life policy conferring any right to share in the profits or surplus arising from the business of the insurer or any part of it, and “non-participating policy” means a life policy not conferring any such right.

Participating policy means a policy that grants a holder the right to receive dividends

Participating policy means a policy of a mutual

Participating policy means a policy issued by an exchange that grants the policyholder the right to receive policy dividends if declared by the exchange.