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F.P.A.

Posted on July 20, 2013July 20, 2013

“Free of particular average”. A term in marine insurance referring to a policy which does not cover particular average (i.e. partial) losses.

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Adjustable Life

A form of life insurance which allows changes on the policy face amount, the amount of premium, period of protection, and the length of the premium payment period. See also Flexible Premium Adjustable Life Insurance Policy.