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 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.
As a result, many companies have not been enthusiastic about securitizing their policy blocks to manage statutory capital.
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.
The holders of debt securities (as well as equity securities) rely primarily on the performance of the policy block, and to a smaller extent on the performance of the investment assets, of the SPRV for their expected return on investment.
The size of the capital contribution depends primarily on the characteristics of the policy block and the terms of the SPRV's liabilities, and equals the greater of the amounts determined by the state insurance regulator of the SPRV, the rating agencies and the financial guarantor, if any.
The defender service also is a plaintiff, charging that the state policy blocks it from performing its duty.
Implemented in two parts (DLP_Rules and Policy_DLP) the customizable new option applies the same award-winning Network Box anti-spam technology to an organization's policy on SMTP mail and allows it to define complex rules and enforce policy blocks.
Legacy Benefits is compiling a number of similar policy blocks that will be offered for sale in the future," Eliav adds.
Therefore, a quality policy block will generate a premium in the secondary market because it eliminates the longer aggregation process.

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