InsuranceFirst Unpaid Premium(FUP) Fair rental value Product liability insurance Inland transit policy Noncancellable Expediting expenses
Participating Policy
A participating policy, often referred to as a with-profits or par policy, is a type of insurance policy that involves a higher premium compared to a non-participating policy. This type of policy allows the policyholder to receive a share of the profits made by the insurance company, giving them a sense of ownership and potential financial gain. It is important to carefully consider the terms and benefits of a participating policy before making any decisions.
Related terms
Understand the meaning and definition of First Unpaid Premium(FUP) in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Fair rental value in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Product liability insurance in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Inland transit policy in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Noncancellable in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Expediting expenses in the context of stock market, trading, and investments.
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