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Simple English definitions for legal terms

participating policy

Read a random definition: ad defendendum

A quick definition of participating policy:

A participating policy is a type of insurance policy that allows the holder to receive dividends or rebates from future premiums. This policy is issued by a mutual company. It means that the policyholder is also a part-owner of the company and can share in its profits. In simple terms, it's like being a member of a club where you get a share of the club's profits.

A more thorough explanation:

A participating policy is a type of insurance policy that allows the policyholder to receive dividends or rebates from future premiums. This type of policy is issued by a mutual company.

For example, if you have a participating life insurance policy, you may receive a portion of the company's profits in the form of a dividend. This dividend can be used to reduce your premiums or increase the value of your policy.

Another example is a participating health insurance policy. If the insurance company earns a profit, they may distribute a portion of that profit to policyholders in the form of a rebate.

Overall, a participating policy allows the policyholder to share in the success of the insurance company.

participating insurance | participation

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

shaquilleoatmeal

11:14

damn couldnt even get to Christmas dinner before this question lmao im not looking for anything serious rn so no updates lol

cheriebomb

11:14

i made out with my ex in a stairwell the other day if you care. my only update

shaquilleoatmeal

11:14

oof

shaquilleoatmeal

11:14

twitter ex or a different ex

cheriebomb

11:15

different ex

windyMagician

11:15

since its not Twitter dude I'll forgive it

shaquilleoatmeal

11:17

at least you did that before the new year, cant carry that baggage in 25

cheriebomb

11:17

I think he thinks if I move to nyc we’re going to get back together

cheriebomb

11:17

that’s not my plan tbh

jackfrost11770

11:18

https://www.reddit.com/r/lawschooladmissions/comments/1hk0qlh/insane_admissions_story/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

jackfrost11770

11:18

this is so funny

shaquilleoatmeal

11:19

lmao damn wish id be classmates with this dude

shaquilleoatmeal

11:20

@cheriebomb: you never know what the future holds

jackfrost11770

11:20

also cherie fallen soldier

jackfrost11770

11:20

i got home at 8 am from the club and my neighbor was leaving to go biking. truly living in different worlds

cheriebomb

11:20

i don’t fw him that heavy tbh

cheriebomb

11:21

i get along better with his friends than i do with him

windyMagician

11:21

nah the hiking in Nike blazers deserves jail time

cheriebomb

11:21

he was already vomiting and shitting in a hole I think he did his penance

windyMagician

11:26

call that restorative justice

shaquilleoatmeal

11:34

@cheriebomb: https://www.boston.com/travel/travel/2024/12/20/boston-was-just-named-the-most-beautiful-winter-city-in-the-world/

cheriebomb

11:35

they put a place in the UK second. I don’t trust their methodology

shaquilleoatmeal

11:35

im laughin cause it definitely isnt but the fact that some people this it is is comical

shaquilleoatmeal

11:35

tink*

shaquilleoatmeal

11:35

think jee

shaquilleoatmeal

11:35

jeez - im over it

cheriebomb

11:37

imagine saying you want to go to boston for christmas 💀

shaquilleoatmeal

11:40

https://www.instagram.com/backbayboston/p/DD13nN_RM3g/

shaquilleoatmeal

11:40

imagine you not wanting to go what lmao

cheriebomb

13:55

not impressed by the fact that they have a park and some buildings. who doesn't

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