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Property Bldg. Laws Safeguards General Liability Emp, Benefit Liab. Employer Liability Aircraft Products Liab. Sexual Harassment Dir. & Officers Liab. Professional Liability Elect. Data Proc. Cov. Kidnap or Ransom
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[P016]
A designated class of insurance which shares in the dividends declared by the company to policyholders. While mutual insurers primarily issue participating policies, and stock insurers usually issue nonparticipating policies, either type of insurer may seek authorization from its domiciliary state insurance department to issue the other type of policy.
(See Dividend, and Nonparticipating Insurance.)
Copyright: The Rough Notes Company, Inc., 1998, All Rights Reserved. 3040100