Definitions for "Non-Participating Policy"
A policy that does not participate in the distribution of dividends.
A life insurance policy in which the company does not distribute to policy holders any part of its surplus. Note should be taken that premiums for nonparticipating polices are usually lower than for comparable participating polices. Note that some nonparticipating polices have both a maximum premium and a current lower premium. The current premium reflects anticipated experience that is more favorable than the company is willing to guarantee, and it may be changed from time to time for the entire block of business to which the policy belongs.
A type of insurance policy or annuity for which the policyholder does not receive dividends.
Keywords:  occupational, hazard
Occupational Hazard