dividend on insurance policy
- dividend on insurance policy
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A payment made by an insurance company to policyholders from the surplus of the company, either in cash, by way of credit on the premium, or by applying it to the purchase of paid-up insurance called a dividend addition. 29 Am J Rev ed Ins § 110. See dividend addition.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
interest-sensitive insurance policy — A cash value life insurance policy whose insurance dividend rates vary with respect to inflation, enabling the policyholder to avoid the loss of purchasing power associated with inflation. Bloomberg Financial Dictionary … Financial and business terms
dividend — A gain or profit. Hellmich v Hellman (CA8 Me) 18 F2d 239. A division into shares; one of such shares. A payment made by a corporation to its stockholders out of surplus earnings and under authority of a resolution by the board of directors which… … Ballentine's law dictionary
dividend addition — n. A dividend added to the face value of an insurance policy. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
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
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… … Black's law dictionary
dividend policy — A most common form of life insurance policy issued under a plan whereby each policyholder pays annually in advance a fixed sum which, when added to like payments by others, probably will create a fund larger than necessary to meet all maturing… … Ballentine's law dictionary
dividend — noun Etymology: Middle English divident, from Latin dividendus, gerundive of dividere Date: 15th century 1. an individual share of something distributed: as a. a share in a pro rata distribution (as of profits) to stockholders b. a share of … New Collegiate Dictionary
annual dividend — Normally, corporate dividends are paid quarterly but in the infrequent case where they are paid annually, the dividend received is known as an annual dividend. The expression annual dividend is most frequently used in reference to dividends on… … Ballentine's law dictionary
Dividend — This article is about financial dividends. For dividends in arithmetic, see Division (mathematics). Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis … Wikipedia