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.
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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.
We then took the five most expensive policies, the five least expensive policies, and a block of policies in the center of the cost range.
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.
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.
The transaction is sponsored by Aurigen Reinsurance Limited (ARL) and covers a closed block of policies reinsured by ARL between 2008 and 2010.
For example, it would be possible to set up an asset-backed structure where the insurer would make payments equal to the expected mortality costs under a block of policies to a SPV and receive payments based on the actual mortality experience under the block.
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.
Regulators rejected State Farm's efforts to increase rates on a closed block of policies an average of 38 percent.
* 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.
Not only is the number of distressed portfolios limited, but the in-force block of policies will also start to decrease over time as death a gradual shift toward the acquisition of new policies over the next 10 years, Hawkins said.
Reinsurance agreement: The insurance company cedes, on either a modified coinsurance plan of reinsurance or coinsurance with a funds-withheld plan of reinsurance, a block of policies with embedded value to the captive.