Definition of "In-force business"

Gena Taylor real estate agent
Gena Taylor, Real Estate Agent Coldwell Banker FI Grey & Son Residential Inc.

Aggregate amount of insurance policies that are paid-up (or are being paid) that a life or health insurance company has on its books. The size of a life or health insurance company is often measured by its in-force business. In a life insurance company, the measure is expressed as a face amount of the insurer's portfolio. In a health insurance company, the measure is expressed as premium volume.

 

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