Nonparticipating Life Insurance Policy: Life insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid.

 

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Nonparticipating Life Insurance Policy: Life insurance policy whose policyholders do not receive dividends, because they are not participants in the interest, dividends, and capital gains earned by the insurer on premiums paid.

National Environmental Policy Act Of 1970: P.L. 91-190 (January 1, 1970) made a declaration of national environmental policy and established a continuing responsibility of the federal government to reach a number of substantive goals . . . View Full Definition

National Insurance: A form of taxation, payable by employees, employers and the self employed, which is notionally to fund state benefits including pensions, sickness, unemployment and maternity. It is part of . . . View Full Definition

No Net Loss Wetlands Policy: An overall policy goal for wetland protection first adopted by the Bush Administration, and more recently by the Clinton Administration. The goal is to halt the decline in the overall number . . . View Full Definition

National Environmental Policy Act: The Act requires an environmental impact statement for federal actions that significantly affect the quality of the environment.

National Wildlife Refuge System (NWRS): Consists of all of the National Wildlife Refuges, the Waterfowl Production Areas, and certain other small tracts managed by states under cooperative agreements with the Fish and Wildlife Ser . . . View Full Definition

National Drought Policy Commission: P.L. 105-199 (July 16, 1998), the National Drought Policy Act, authorized creation of the Commission to conduct a study of current federal, state, local and tribal drought preparedness, and . . . View Full Definition

Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds.

Municipal Bond Insurance: An insurance policy that guarantees payment on municipal bonds in the event the issuer defaults.

Named Perils Insurance: An insurance policy that names specific risks covered by the policy.