Definition and Citations:
A policy that allows the insured to be covered by continuing the payment of premiums for a specified duration of time. The premiums for such policies remain unchanged while also prohibiting the insurer from making changes
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
A policy that allows the insured to be covered by continuing the payment of premiums for a specified duration of time. The premiums for such policies remain unchanged while also prohibiting the insurer from making changes