How Long A Policy Will Be In Force
Definition of "How long a policy will be in force"
Duration of a policy. Property and casualty coverages are usually written for one year, although a personal automobile policy can be for six months. Life insurance can be written on a term basis (1 year, 5 years, 20 years, to age 65), whole or life basis, or any combination of the two. Health insurance can be written on a multiple time period basis.
Popular Insurance Terms
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Standard State Valuation and Non forfeiture Law approved by the national association of insurance commissioners (naic) in 1942. This law is named for Alfred N. Guertin, the actuary who ...
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Accounting method of establishing data on an annual basis. ...
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