Act of a medical supplier to sell part or all of its assets either by court order or voluntarily.

MEDICAL,USA: 1. Refund of excess premium paid to the owner of an individual participating life insurance policy. It reflects the difference between the premium charged and actual experience. Also called policy dividend or policy owner dividend . 2. Part of a group insurance premium that is returned to a group policyholder that has a better claims experience than had been projected when the premium was calculated. Also called experience rating refund, experience refund , and retroactive rate reduction . 3. In a mutual or participating company, it is quarterly or annual payments by a business to a stockholder. Dividends paid in cash are called cash dividends . Dividends paid with shares of stock are called stock dividends .
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A refund of part of the premium on a participating policy a share of policyholder surplus funds apportioned for distribution.
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US: A return of part of the premium on participating insurance to reflect he difference between the premium charged and the combination of actual mortality, expense and investment experience. Such premiums are calculated to provide some margin over the anticipated cost of the insurance protection.
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The return of party of the policy’s premium for a policy issued on a participating basis by either a mutual or stock insurer. A portion of the surplus paid to the stockholders of a corporation.
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When an insurer returns part of the premium paid by an insured for a policy, or a part of a surplus paid to each stockholder in a company.

Policy dividend funds left on deposit with the insurer. Also called dividend credits .

Amount of paid-up life insurance purchased with a policy dividend and added to the face value amount of the policy. This is an option written into the life insurance policy. Also called paid-up additions .

Amount of money that it costs the insurance company to maintain each policy in force for the current year.

Sum of money that accumulates and that represents the actual rate earned on an insurer’s present investments. The dividend interest rate is used to calculate policy owner dividends.

Several choices that participating life insurance policy owners can choose to indicate how they want to receive their share of the insurance company’s divisible surplus including accumulation at interest option, additional term insurance option, automatic dividend option, cash payment option, dividend accumulations, enhancement type policy, paid-up additions, and premium reduction option.

Death (mortality) rate presently experienced by the insurance company on the insurance policies it has sold. The insurer chooses the rate of mortality for a given age in calculating the policy owner’s dividends.

Portion of an insurance company’s earnings available for distribution to owners of the company’s participating policies.
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UK: The portion of an insurance company’s earning that is available for distribution to ‘withprofits’ policyholders in the form of bonuses.