Block of Policies

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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 ?
It is important for the ESO to participate in this forum to work alongside its fellow members and the IUCN to form the building blocks of policies that help find solutions to the pressing environmental challenges that concern not only the region but the entire world," said Dr Mohsin Al Aamery, ESO board member, who attended the meeting.
Therefore, it now appears that some investment firms wishing to sell these vehicles are attempting to create blocks of policies that will be candidates for life settlements a year or two after issue.
A profitable acquisition line of business that acquires in-force blocks of policies and small insurance companies complements these businesses.
IHC is a holding company principally engaged in the life and health insurance business and the acquisition of blocks of policies through its insurance company subsidiaries (Standard Security Life Insurance Company of New York and Madison National Life Insurance Company, Inc.