annual dividend policy

annual dividend policy
A policy of life insurance upon which there is an annual distribution of dividend. 29 Am J Rev ed Ins § I 11.

Ballentine's law dictionary. . 1998.

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  • Annual Dividend - Insurance — In the insurance industry, a yearly payment given by an insurance company to a policyholder. Annual dividends are most commonly distributed in conjunction with life insurance and disability income insurance policies. Insurance companies may pay… …   Investment dictionary

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  • policy of insurance — The parlance of the insurance business, the contract between the insured and the insurer. State ex rel. Sheets v Pittsburgh, Cincinnati, Chicago & St. Louis Ry. Co. 68 Ohio St 9, 67 NE 93. The formal document in which a contract of insurance… …   Ballentine's law dictionary

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  • dividend — The distribution of current or accumulated earnings to the shareholders of a corporation pro rata based on the number of shares owned. Dividends are usually issued in cash. However, they may be issued in the form of stock or property. The… …   Black's law dictionary

  • dividend — noun 1 payment on a company share ADJECTIVE ▪ big, high, large ▪ 10%, etc. ▪ total ▪ gross …   Collocations dictionary

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