Participating Policies Law and Legal Definition
Many life insurance policies and some property/casualty policies pay dividends to their owners. Life insurance policies that pay dividends are called participating policies. Dividends are generated from the profits of the insurance company that sold the policy and are typically paid out on an annual basis over the life of the policy. Most policies also include a final or terminal payment that is paid out to the holder when the contract matures.
Legal Definition list
Related Legal Terms
- Anti Nepotism Policies
- Employment Policies and Practice
- Human Resource Policies
- Mark the Policies off
- Non Participating Preferred Stock
- Non-Participating Royalty
- Nonparticipating Referral Provider
- Outside Employment Policies - Private Employer
- Outside Employment Policies Public Employer
- Participating Agency [Education]
