Used primarily by real estate corporations as a means of restructuring and reorganizing existing debts. Creditors must vote on a debt-paying plan and a judge must give approval. It provides protection for individual debtors with debts to large for a Chapter 13 filing. See also wage earner plan (chap...

Commission that is paid based on how profitable a particular type of business proves to be that is written by an agent....

Relationship of gains from investments (including realized capital gains) resulting from insurance operations to earned premiums....

In life insurance, action by an insurance company canceling premium payments by an insured who has been disabled for at least six months. The policy remains in force and continues to build cash values and pay dividends (if it is a participating policy), just as if the insured was still making premiu...