Equity Among Policyowners
Definition of "Equity among policyowners"
Grouping of applicants for life insurance according to expected mortality, so as to produce an underwriting classification in which the spread between health of the worst and best applicant is not so great as to skew the distribution curve.
Popular Insurance Terms
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Standards set by the various state regulatory authorities that determine how financial statements must be prepared for regulators. The states are responsible for making certain that ...
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