Exam term
Divisible surplus
The portion of a participating insurer's surplus apportioned and credited annually to policyowners as dividends, reflecting a return of an overcharge in premium.
Lessons that use this term
- Participating, individual, and group life policies California
- Dividends, incontestability, assignment, suicide, and accelerated death benefits Florida
- Dividends, incontestability, assignment, suicide, and accelerated death benefits New York
- Dividends, incontestability, assignment, suicide, and accelerated death benefits Texas