In insurance, it is a type of settlement that allows a person to invest in another person's life insurance policy....

A fee that is charged by an insurer for the services it provides to the policyholders. It constitutes the insurer's...

It stands for variable fee approach; with respect to an insurance contract with direct participation features, it is the applicable...

With respect to an insurance contract with direct participation features, it is the applicable approach for measurement of the fulfillment...