policyholder dividend
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 808 — for purposes of this part
For purposes of this part, the term “policyholder dividend” means any dividend or similar distribution to policyholders in their capacity as such.
26 U.S.C. § 808 — for purposes of this part (5 versions over time)
For purposes of this part, the term “policyholder dividend” includes—
(1) any amount paid or credited (including as an increase in benefits) where the amount is not fixed in the contract but depends on the experience of the company or the discretion of the management,
(2) excess interest,
(3) premium adjustments, and
(4) experience-rated refunds.