In-force Business
Definition of "In-force business"
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.
Popular Insurance Terms
Price an investor is willing to pay for a financial asset. ...
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Exposures usually excluded from life and health insurance, or subject to a maximum limit if covered. ...
Coverage on an all risks basis for goods in transit, bailment, and while on the premises of others. ...
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Arrangement between two or more insurance companies under which the parties to the agreement waive their subrogation rights against the other. Most such agreements are no longer in use. ...
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