Annual Insurance Policy

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Annual Insurance Policy

An insurance policy in which the policyholder pays premiums and the insurer provides coverage for a full year. At the conclusion of that year, either party may choose to renew the policy. It is also called an annual policy.
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Captives will be taxed on half of one percent of a captive's premium receipts and other forms of revenue from its annual insurance policies.
The two South Korean automakers were deemed to be close competitors in terms of annual insurance policies.
He advises passengers to check their household contents policies to see if cover is provided and adds that valuables may be covered in specific annual insurance policies.
Millions of people who take two holidays a year are likely to be losing out by not buying annual insurance policies, according to Direct Line.
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