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...

An insurance contract that involves direct participation of policyholders whereby they are allowed to share in the profits in the...

With respect to an insurance contract, direct participation involves multiple distinguishing features such as participation of policyholders in a share...