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Hobbies or Avocations

 
Insurance Dictionary: Hobbies or Avocations

Activities of interest in underwriting an application for life insurance to determine the rate classification (premium) for the applicant. For example, a sky diver is at greater personal risk than average, and accordingly is charged a much higher premium for life insurance.

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Insurance Dictionary. Dictionary of Insurance Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more