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Thesaurus: contribution plan
A plan of distributing surplus by giving to each policy the excess of premiums and interest earned thereon over the expenses of management, cost of insurance, and the policy value at the date of computation. This excess …
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Definitions
- A plan of distributing surplus by giving to each policy the excess of premiums and interest earned thereon over the expenses of management, cost of insurance, and the policy value at the date of computation. This excess is called the contribution of the policy.
- A plan of distributing surplus by giving to each policy theexcess of premiums and interest earned thereon over the expenses ofmanagement, cost of insurance, and the policy value at the date ofcomputation. This excess is called the contribution of the policy.