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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
international block property block fiscal policy block and monetary policy block.
Figure 2 shows the proposed adaptive cache replacement policy block diagram.
Due to the policy block in US, sex workers and injecting drug users (IDUs) weren't able to participate in AIDS 2012 from around the world.
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.
The determination of output and inflation from the demand and supply blocks feeds into the monetary policy block, as indicated by the dashed lines.
And politicians don't get policy block. Although they do get ludicrously long holidays, a gargantuan expense account and alegion of lackeys to help them.
Boxer, Barbara [CA] Amends: S.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.
As explained below, the motivation for most whole-block securitizations undertaken to date has been to facilitate demutualization and/or to capitalize the expected future profits from the policy block. 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.
Surplus Note Structure: This alternative (See "Securitization Through the Issuance of Surplus Notes" below.) involves the issuance of subordinated, unsecured notes linked to the performance of a policy block, with no recourse to the company.

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