LOADING

By SovConn | June 13, 2013

loading.Insurance. An amount added to a life-insurance premium to cover the insurer’s business expenses and contingencies. — Also termed expense loading. See gross premium (1) under PREMIUM(1). [Cases: Insurance  2000, 2005. C.J.S. Insurance §§ 436–439.]
[Blacks Law 8th]

Posted in Law Dictionary Definitions