Asset Depreciation Risk
Definition of "Asset depreciation risk"
One of four types of risks affecting the life insurance company as identified by the society of actuaries. This risk is associated with losses that the life insurance company may incur as the result of default on the payment of interest (dividends) or principal on bonds, mortgages, general real estate investments, and stocks, as well as the loss in value of these investments resulting from a loss in their market value
Popular Insurance Terms
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Rate not subsequently adjusted. The rate stays in effect regardless of an insured's subsequent loss record. ...
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