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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.
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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
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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