Home Insurance Glossary - Premium Reduction Option

The Definition of "Premium Reduction Option" is:

An option, available to the owners of participating insurance policies, that allows the insurer to apply policy dividends toward the payment of renewal premiums.
(See: Dividend - Policy dividend options)


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


Package Policy Paid-up Additional Insurance Option Paid-up Policy Partial Disability Participating Policy Pay-at-the-pump Pension Benefit Guaranty Corporation Pensions Per Capita Beneficiary Designation Per Stirpes Beneficiary Designation Peril Period Certain Personal Articles Floater Personal Injury Protection Coverage (PIP) Personal Lines Point-of-service Plan Policy Dividend Options Policyholders' Surplus Policy Political Risk Insurance Pollution Insurance Pool Pre-existing Condition Preferred Provider Organization Preferred Risk Class Premises Premium Reduction Option Premium Tax Premiums In Force Premiums Written Premium Primary Beneficiary Primary Company Primary Market Prime Rate Prior Approval States Private Mortgage Insurance Private Placement Product Liability Insurance Product Liability Professional Liability Insurance Proof Of Loss Property or Casualty Insurance Cycle Property or Casualty Insurance Proposition 103 Purchasing Group Pure Endowment Pure Life Annuity.
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