nonparticipating insurance

  • A nonparticipating contract is one with a fixed premium rate guaranteed throughout the term of the policy. There is no offer of dividends or refunds to the policyholder in such an agreement. Opposite of "participating insurance."

    Internal Revenue Service 1

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