Glossary
| Term | Definition |
|---|
| Advance Premium Mutual | Mutual insurance company owned by the policyholders that does not issue assessable policies but charges premiums expected to be sufficient to pay all claims and expenses. |
Sources:
http://www.insure.com/articles/interactivetools/glossary/glossary.jsp - American Council of Life Insurance, Health Insurance Association of America, and Standard & Poor's
"Making Insurance Work for Microfinance Institutions: A technical guide for developing and delivering microinsurance". C Churchill, D Liber, M J McCord, J Roth. ILO 2003
http://insurance.about.com/od/insgloss/Glossary.htm
"Providing Insurance to Low-Income Households Part I: A Primer on Insurance Principles and Products". Brown, Warren.; Churchill, C. Bethesda, Maryland, USA: Microenterprise Best Practices (MBP) Project, Development Alternatives / USAID (2000)