Participating Policy: What is the Meaning of Participating Policy?
An insurance policy that allows insurers to receive a profit from a policyholder is non-taxable, meaning the return of income treated by the Inland Revenue Service (IRS) is not income but premium income. Happens on
Partnership policies are insurance agreements that provide benefits to policyholders. Profit comes from the profits of the insurance company that sells the policy and is usually paid annually during the policy term. Most policies also cover final or defined payments that occur at the end of the contract. Some participating policies may consist of a guaranteed dividend amount set at the beginning of the policy. Participation policy is also known as income policy.
- Participating policies are policies on which the insurance policy benefits the policyholders. It is basically a type of risk sharing in which the insurer transfers a portion of the risk to the insured.
- Policyholders can collect or deposit their cash premiums by letter to the insurance company to collect interest or pay premiums.
Life or health insurance policy issued through a joint venture. Policyholders can contribute to the company's surplus funds at the end of the year.
Participating Policy definition is: An insurance policy that allows insurers to receive profits from policyholders is not taxable, meaning that an income return treated by the Internal Revenue Service (IRS) is a return on premium instead of tax. Presents
The definition of Participating Policy is: A policy that allows policyholders of insurance companies to participate in the results of purchases and / or investments (if any) based on the percentage of premium paid in the form of profits based on individual benefits. ۔
Literal Meanings of Participating Policy
Meanings of Participating:
Involvement in an action or effort.
Owning or owning (some features)
Sentences of Participating
Thousands took part in national strikes
Synonyms of Participating
be blessed with, have the advantage, get involved, be favoured with, reap the benefits of, be endowed with, be possessed of, take part, partake, be born with, have the benefit of, play a part, be a participant, have available, engage, share, benefit from, play a role, avail oneself of, have the use of, join
Meanings of Policy:
The Code of Conduct has been adopted or proposed by governments, parties, companies or individuals.
Sentences of Policy
Controversial economic policy administration
Synonyms of Policy
code, theory, blueprint, intentions, schedule, stratagem, system, guidelines, strategy, scheme, line, proposed action, approach, plans, position, attitude, notions, stance, programme