block of business

  • In the broad sense, a group of policies, as distinguished from a line of business. The term can be used in narrow sense to refer to a particular group of policies issued under the same plan in a particular year.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).