Participation
Definition of "Participation"
Same as term Participating Insurance: policy that pays a dividend to its owner.
Popular Insurance Terms
Case where an insurance company is placed by the state court under the control of the state insurance department. Claims are paid in the order filed until the insurance company's ability to ...
One of the major underwriting organizations for insurance company pools insuring commercial aircraft liability exposure. ...
Insurance sold by privately formed insurance companies with the objective of making a profit. ...
Coverage on an all risks basis for goods in transit, bailment, and while on the premises of others. ...
Money expended with the object of profit. The goal of an insurance company is to invest in assets with a rate of return greater than that to be paid out as benefits under its policies. ...
Those states requiring insurers to obtain prior approval rating of rates and policy forms before they use them. Although most states once fell into this category, many followed the lead of ...
Rejection by an insurance company of an application for a policy. ...
Coverage in which an initial premium is charged, with the stipulation that an additional premium can be charged later if the loss experience of the insurance company warrants it; that is, ...
Commission paid to a broker for selling an insurance company's products. This fee may or may not include an expense allowance depending on the amount of business the broker places with the ...
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