Policy Dividend a refund of part of the premium on a participating life insurance policy. Amount of payment is determined by subtracting the actual premium expense from the premium charged. The payment can be taken as cash, applied to a purchase an increment of paid up insurance, left on deposit with the insurance company or applied to purchase term insurance for one year. What is Policy Dividend , What does mean Policy Dividend , Insurance Guide, Insurance Glossary
Subrogation Clause section of insurance policies giving an insurer the right to take legal action against a third party responsible for a loss to an insured for... more