Insurance
Policyholder Dividend — Participating Policy
Distributing a share of the insurer's surplus to participating policyholders.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Policyholders' Dividend Expense | Expense (+) | 200,000.00 | - |
| Dividends Payable (Policyholders) | Liability (+) | - | 200,000.00 |
💡 Accountant's Note
Participating policies entitle holders to share in the insurer's investment and mortality surplus. The dividend is declared annually and can be paid in cash, used to buy additional cover, or left to accumulate with interest.
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