Stipulated Premium Insurance
Definition of "Stipulated premium insurance"
A form of assessment insurance for which a regular premium is charged. In addition to paying the regular stipulated premium, an insured and other members of a mutual assessment company may be subject to an additional assessment premium to make up for underwriting losses.
Popular Insurance Terms
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Termination date of coverage as indicated on the insurance policy. ...
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Agreement by the insurance company to keep the universal life insurance policy in force, even if the cash value becomes zero or less than zero, provided that a specified minimum ...
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