A bond that is backed by policyholder loans against life insurance policies. The underlying loans will be repaid either by...
It stands for deferred acquisition costs; with respect to an insurance contract, it is a measure of cost that constitutes...
With respect to an insurance contract, it is a measure of cost that constitutes deferred sales costs (acquisition costs) that...
With respect to an insurance contract, direct participation involves multiple distinguishing features such as participation of policyholders in a share...