Summary Annual Report

Definition of "Summary annual report"

Synopsis of the key financial figures concerning the pension plan that is contained in the form 5500 that must be filed annually with the Internal Revenue Service. This report must be given to the plan participants but does not have to be filed with any government agency.

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Series of payments made on either a FIXED DOLLAR ANNUITY basis or VARIABLE DOLLAR ANNUITY basis. ...

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Risk Selection

Methods by which a home office underwriter chooses applicants that an insurer will accept. The under ...

Underwriting Requirements

The standards imposed by lenders in determining whether a borrower can be approved for a loan. Thes ...

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