Basket clause

From an investment point of view, a provision that allows insurance companies to invest a small percentage of their assets generally without regard to statutory restrictions; from an accounting point of view, a clause which permits life and health insurers to hold a specified amount of their assets as nonauthorized assets, which are not restricted in the same way as authorized assets.

Term Life Insurance
Universal Life
Variable Life
Whole Life
Burial Insurance

More Insurance:
Pet Insurance
Auto Insurance