Dollar amount due to the insurance company for an insurance policy premium that has not been paid by the end of the grace period. This sum may be due monthly, quarterly, or annually.
Insurance Encyclopedia
Deliquescent
the chemicals which absorb moisture upon exposure to the atmosphere are said to be deliquescent.
Delivered business (Life Insurance)
Contracts delivered to the insured that have not yet been paid for.
Delivery
The actual placing of an insurance policy in the hands of the insured.
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The transfer of the possession of a thing from one person to another.
Delivery (Health Insurance/Life Insurance)
The delivery of a life or health policy to the insured’s physical possession.
Delivery Guarantee Cover
A form of credit insurance providing compensation if a supplier fails to meet his obligation to deliver.