Disqualified Person
Individual prohibited under the employee retirement income security act of 1974 (erisa) from conducting transactions with a trust plan. The prohibition is intended to prevent a conflict of interest between the prohibited person with a vested interest in the trust plan and the trust plan itself. Prohibited individuals include employer, trust plan participant, trustee of the plan, and fiduciary of the trust plan.
Popular Insurance Terms
Periodic payments to an annuitant. ...
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State law that stipulates that goodwill as an admitted asset cannot be greater than 10% of adjusted surplus. ...
Prepaid legal insurance coverage plan sold on a group basis. Entitles a group member to a schedule of benefits, at a stipulated premium, for adoptions, probates, divorces, and other legal ...
Clause in a property insurance policy that requires the insurance coverage in that policy to be allocated in the proportion that it bears to the total insurance coverage in force from all ...
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Dividends paid historically, currently, and projected. ...
Type of pension plan in which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium payments to fund the future retirement ...
Trade association of surplus lines agents and insurers. ...
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