tontine policy

Definition

Popular Terms

A policy that was popular after the Civil War, which is now illegal. The policy paid dividends to the policyholders who were still living at the end of a certain period. The money for these dividends came from people who had paid in and were now deceased or who had let their policies lapse.

risk

policy

third-party ins...

letter of indem...

employer's liab...

insurance

force majeure

ex gratia payme...

hazard

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