Valued Policy

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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 ?
Gene Logic is increasingly establishing itself as a differentiated and valued contract service provider to pharmaceutical companies and Federal agencies focused on areas of key concern to the nation's health," commented Mark D.
Regarding the larger institutional market, Neoforma is in the process of developing the crucial link between online purchasing and back-end systems, as well as a highly valued contract specific pricing engine," said Skolnick.
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