Block of Policies

Block of Policies

The insurance policies a company underwrites with the exact same terms and conditions. For example, a particular block of policies may include all life insurance policies with coverage of $100,000 and a monthly premium of $50.
References in periodicals archive ?
Embedded Value (Closed Block) Securitizations: An insurer can close a block of policies to new business and receive immediate cash from investors in exchange for some or all of the future earnings on that block of business.
According to the company's head John Johns, the acquired block of policies will result in immediate accretion to both Protective Life's return on equity (ROE) and EPS, while also providing a strong stream of earnings for many years to come.
According to the companya[euro](tm)s head John Johns, the acquired block of policies will result in immediate accretion to both Protective Lifea[euro](tm)s return on equity (ROE) and EPS, while also providing a strong stream of earnings for many years to come.
Regulators rejected State Farm's efforts to increase rates on a closed block of policies an average of 38 percent.
The transaction is sponsored by Aurigen Reinsurance Limited (ARL) and covers a closed block of policies reinsured by ARL between 2008 and 2010.
This arbitrage most often takes the form of a block of policies that have been included in a life settlement vehicle created by the investment firm.