What Does Reporting Policy Mean?

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

Reporting Policy

Reporting Policy

Type of policy that does not charge a flat premium; the insured pays a deposit premium, then submits periodic reports to the insurer showing the status of the factors on which the premium is based; from these status reports, premiums are calculated and charged against the deposit.

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

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