Nonprofit Insurer

Definition of "Nonprofit insurer"

Company formed and operated without the profit motive as its normal business objective; normally sells and services health insurance policies.

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Matured Endowment

Endowment period of time, in life insurance, at which the face amount of the policy is payable to th ...

Dividend Accumulation

Option under a participating life insurance policy in which dividends are left on deposit with the c ...

Franchise

Privilege granted by a franchiser to a franchisee permitting the latter to operate using the franchi ...

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