What does Subscription Policy mean? Read on to discover the definition & meaning of the term Subscription Policy - to help you better understand the language used in insurance policies.
A subscription policy is an insurance policy in which multiple insurers share the risk associated with providing the insurance. It is called a subscription policy because the insurers participate in the policy by "subscribing" to it. In other words, insurers can choose whether or not they would like to join in the offering of the particular policy.
We hope the you have a better understanding of the meaning of Subscription Policy.