Difference between revisions of "Deposit premium"
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Latest revision as of 08:46, 25 October 2018
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A deposit premium is a type of insurance premium where the insured deposits money with the insurer to obtain perpetual insurance against the risk of a loss. Deposit premiums are unique from regular insurance premiums, as they are refundable should if either the insured or the insurer chooses to terminate the perpetual insurance.
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