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 ?
The Middle 8: The Board Policy Block -- This list was dominated by issues that concern the board directly, such as instituting or strengthening corporate governance.
600 "Mexico City Policy Block amendment" To prohibit the application of certain restrictive eligibility requirements to foreign nongovernmental organizations with respect to the provision of assistance under part I of the Foreign Assistance Act of 1961.
In the framework of this securitization, a company transfers a policy block as coinsurance to a special purpose reinsurance vehicle (SPRV) in an onshore or offshore jurisdiction of convenience and makes an initial equity capital contribution to the SPRV.
Evaluating the economic value of a policy block using modern financial concepts is equivalent to corporate capital budgeting and asset valuation.
Using a more favorable mortality table (one showing a lower probability of an individual dying, thereby reducing expected benefit costs) on a given policy block allows insurers to adjust their minimum reserve liabilities and minimum cash-surrender values.
involves the issuance of subordinated, unsecured notes linked to the performance of a policy block, with no recourse to the company.
Therefore, a quality policy block will generate a premium in the secondary market because it eliminates the longer aggregation process.
The Secretary further informed that the proposed Civil Aviation Policy seeks to simplify procedures and remove policy blocks so that more and more people can fly.
The Attorney General's new policy blocks individuals from exercising rights that the Legislature granted them," said the plaintiffs' attorney, Bradley Benbrook of Sacramento-based law firm Benbrook Law Group.
Policies blocking social networks become more prominent--Social networking sites accounted for 4% of policy blocks in the enterprise by the end of Q1, whereas at the beginning of the quarter it accounted for only 2.
Some mistakenly believe that the policy blocks police from reporting illegal gangsters to federal immigration authorities.
The defender service also is a plaintiff, charging that the state policy blocks it from performing its duty.

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