(of an assurance policy, share, etc) not carrying the right to share in a company's profit
nonparticipating in American English
(ˌnɑnpɑrˈtɪsəˌpeɪtɪŋ)
adjective
1.
not participating
2. Insurance
not entitled to participate in the dividends from the profits or surplus of the company
Derived forms
nonparticipation (ˌnonparˌticiˈpation)
noun
nonparticipating in Insurance
(nɒnpərtɪsɪpeɪtɪŋ)
adjective
(Insurance: Life insurance)
A nonparticipating insurance policy does not give the right to the policyholder to share in a company's profit.
With nonparticipating policies, the insurer does not distribute any part of surplus funds to policyholders.
Stock companies, in general, issue nonparticipating insurance, under which the insured is not entitled to share in the divisible surplusof the company.
A nonparticipating insurance policy does not give the right to the policyholder to share in a company'sprofit.
Examples of 'nonparticipating' in a sentence
nonparticipating
The nonparticipating members of the audience had been given score cards.