What Does Deposit Policy Mean?

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What does Deposit Policy mean? Read on to discover the definition & meaning of the term Deposit Policy - to help you better understand the language used in insurance policies.

Deposit Policy

Deposit Policy

A contract entered into where the insured puts on deposit with the insurance company a sum of money, and the company, in turn, manages the fund for the insured.

We hope the you have a better understanding of the meaning of Deposit Policy.

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