deferred dividend insurance policy

Hist. A life insurance policy that accumulated a fixed percentage of the insurer’s surplus profits, payable as a lump sum on a certain date or at the insured’s death, whichever came first.

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词条贡献者

法律翻译Jessie，在一家亚洲一流律师事务所的北京办公室担任全职法律翻译，擅长翻译有关港口、铁路、公路与海运的法律文件。