Asset Share Value
Definition of "Asset share value"
Policyholder's equity share of the life insurance company's assets. The share is based on the policyholder's contribution to assets (the company's gross premiums minus cost of insurance, expenses and dividends for the classification to which the policy belongs). This computation is derived from the actual experience of the insurance company instead of the assumptions initially used in calculating premiums and reserves. The actual experience may or may not deviate significantly from the expected experience.
Popular Insurance Terms
Regulation set forth by the national association of insurance commissioners (naic) to govern life insurance sales illustrations. Includes the following major provisions: POLICY OWNER must ...
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Coverage in which premiums are collected monthly on an ordinary life insurance policy. ...
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Classification of occupations according to the degree of risk inherent in that occupation. ...
Analysis of uncertainty of financial loss. This classification can be according to whether a risk is fundamental, particular, pure, speculative, dynamic, or static. In life insurance the ...
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Benefits payable under any insurance policy or annuity contract. ...
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