Learn about 'Credit Carried Forward' in reinsurance, its implications under spread loss, and how it impacts accounting periods. A key term for insurance professionals.
Learn about the register method in life insurance—a crucial technique for recording all policies charged to a particular debt account. Understand its importance in financial management within life insurance.
Learn about nonadmitted assets in general insurance, which are assets not qualified to be listed on insurance statements due to not meeting state requirements. Discover examples like furniture and fixtures.
Learn about the book value, which refers to the cash value of a company's assets as listed on its accounting records. Essential for understanding financial health in general insurance.
Learn about the significance of the Plan Year in pensions, a 12-month period for keeping plan records, which can follow a calendar year or fiscal year.
Learn about 'Liabilities' in general insurance terms, a crucial concept referring to money that is currently owed or that will be owed in the future.
