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 ?
The transaction is sponsored by Aurigen Reinsurance Limited (ARL) and covers a closed block of policies reinsured by ARL between 2008 and 2010.
CSC reached this milestone with Sammons Financial Group's recent conversion of an acquired block of policies onto CSC's CyberLife software.
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.
Mutual spokesman Jenny Van Solin said she couldn't speak for what the Sextons were or weren't told by the agent who sold them their policy: It was among a block of policies that Mutual purchased from another company.
Dividends paid to policyholders at mutual life insurance companies, like Penn Mutual, are refunds of premium based on the actual experience of a block of policies.
We were able to strengthen our balance sheet and provide a good home for this stable, well performing block of policies.
We are acquiring a seasoned block of policies written by a high quality company.
According to Dorans, analysis shows that the effective use of technology can generate millions in increased profit by reducing claims expenses over the life of the block of policies.
American Founders has an experienced acquisition team with proven capability to identify, analyze and quickly assimilate a life insurance company or block of policies being sold.
The block of policies currently generates approximately $25 million in annual premiums and involves $110 million of reserves.
The block of policies ceded by the Protective entities is a reasonably large and diversified block, which increases the credibility of key modeling assumptions that were based on historical experience.
Thigpen, Westbridge president, said: "This block of policies fits well into our existing business.