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participating insurance

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noun
  1. insurance in which the policyholders receive dividends and share in the surplus earnings of the company.

Origin of participating insurance

First recorded in 1950–55
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for participating insurance

participating insurance

noun
  1. a system of insurance by which policyholders receive dividends from the company's profit or surplus
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012