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 Statutory Accounting Principles (SAP), the legally mandated principles insurers must follow when preparing financial statements for state insurance departments.
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 Professional Corporation, a unit that offers professional services such as healthcare, within the context of general insurance terms.
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.
