- closed insurance policy
- Insurance contract, the terms and rates of which cannot be changed
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
closed insurance policy — Insurance contract, the terms and rates of which cannot be changed … Black's law dictionary
policy — pol‧i‧cy [ˈpɒlsi ǁ ˈpɑː ] noun plural policies 1. [countable] also inˈsurance ˌpolicy INSURANCE a contract with an insurance company, or an official written statement giving all the details of such a contract: • She did not realize that her… … Financial and business terms
Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… … Wikipedia
insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… … Universalium
Stranger-Owned Life Insurance - STOLI — Insurance that is purchased with the intent of eventually transferring ownership to a third party, usually investors. Stranger owned life insurance (STOLI) is generally described as the purchase and subsequent sale of a newly issued life… … Investment dictionary
Death spiral (insurance) — Death spiral is a term used to describe an insurance plan whose costs are rapidly increasing as a result of changes in the covered population. It is the result of adverse selection in insurance policies where lower risk policy holders choose to… … Wikipedia
Economic policy — refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government deficit as well as the labour market, national ownership, and many other areas of government. Such policies are… … Wikipedia
Charitable Split-Dollar Insurance Plan — Identical to a standard split dollar insurance plan, except that a charity, instead of an employer, owns the life insurance policy. Charitable split dollar insurance plans pay death benefit proceeds to the beneficiaries of the donor, just as… … Investment dictionary
Health insurance in the United States — The term health insurance is commonly used in the United States to describe any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance or a non insurance social welfare program funded by the… … Wikipedia
Deposit insurance — Experiences from bank runs during the Great Depression led to the introduction of deposit insurance in the US … Wikipedia