Paid-in Capital
Definition of "Paid-in capital"
Sum received by an insurance company at the sale of its stock. This capital represents the interest of the stockholders in the company.
Popular Insurance Terms
Plan wherein total withdrawal or income payments from tax deferred savings plans exceed $150,000 in any one year. An excess distribution tax of 15% of the amount greater than $150,000 must ...
Fund established to pay specified losses, usually the low severity property losses. This type of account is an excellent device in conjunction with a self-insurance plan, in which the fund ...
Arrangement whereby the insured pays the insurance company a relatively small monthly premium payment. In exchange for this premium payment, the insurance company processes and pays claims ...
Clause, generally found in business interruption insurance, that establishes the same indemnification basis as the coinsurance clause. ...
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Monetary sums attached to an insurance company's assets, as listed on the annual statement. ...
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