Cherry Pick
Definition of "Cherry pick"
Practice of selling those securities whose price has increased and retaining those securities whose price has declined. The securities that have declined are listed at their amortized value on the balance sheet resulting in a more positive profit picture for the insurance company than is warranted.
Popular Insurance Terms
Same as term Captive Agent: representative of a single insurer or fleet of insurers who is obliged to submit business only to that company, or at the very minimum, give that company first ...
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Essential parts of insurance policies that explain the meanings of important words and phrases found in those policies. ...
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