The person on whose death or survival the benefit under a life policy becomes payable. A life assurance company. A hypothetical table showing the progression of the numbers of survivors and deaths in a cohort of individuals. The London International Financial Futures and options Exchange. Its name describes its role.
Shareholders are liable for the debts of the company up to the face value of the shares they hold.
The state makes good any revaluation that the scheme does not provide, leaving the member's entitlement unaffected. A facility under which the underwriters delegate authority to accept a pre-determined share of certain coinsured risks on their behalf. In surplus reinsurance, the line is the retention of the direct writer. If a claimant under a PHI policy suffers a relapse within a certain period of the claim stopping, the claim will immediately restart. There will be no further deferred period.