Valued Policy

(redirected from Valued Contract)
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Valued Policy

An insurance policy that pays a specified amount in the event of a loss, regardless of the value of the loss. For example, a life insurance policy may pay $100,000 upon the death of the insured, regardless of when or how the death occurs.
References in periodicals archive ?
In July, the company had warned that full year profit would be around pounds 20 million lower than expectations following a review of the way it valued contracts and recognised profits