Related Words

Indemnity Wraparound Policy: An out-of-plan product that an HMO offers through an agreement with an insurance company.

Policy Asset Allocation: Way in which an investor seeks to assess an appropriate long-term 'normal' mix of assets that represents an ideal blend of controlled risk and enhanced return.

Policy: A written statement that reflects the employer’s standards and objectives relating to various employee activities and employment-related matters.

Policy Limit: The maximum dollar amount of coverage provided by an insurance company for a certain policy.

Policy Loan: A loan often made at a below-market interest rate from an insurance company to a policyholder that is secured by the cash surrender value of a life insurance policy.

Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.

Policyholder: An individual who owns an insurance policy.

Policy-Procedures Manual: A detailed written document designed to assist managers and supervisors in carrying out their day-to-day responsibilities by acquainting them with all of the organization's policies and the . . . View Full Definition

Perfect Market View (Of Dividend Policy): Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy.

Participating Policy: When policyholders have what is called a participating policy from a mutual insurance company, they are eligible to receive dividends based on the company’s financial performance. When claim . . . View Full Definition