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Gross premium is the full insurance premium amount before deductions, including costs like commissions and expenses. Gross premium is a term you’ll often hear in insurance, but it’s not always …
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Gross paid-in and contributed surplus explain how much extra money a company receives from investors beyond the stock’s stated value. Gross paid-in and contributed surplus is an accounting term that …
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Goodwill explains why a business may be worth more than the value of its physical assets when it’s acquired by another company. Goodwill is a common accounting term that often …
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The Gramm-Leach-Bliley Act (GLBA) explains how banks, investment firms, and insurance companies can work together while protecting consumers and regulating financial services. Understanding the Gramm-Leach-Bliley Act (GLBA) The Gramm-Leach-Bliley Act, …
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Learn what Generally Accepted Accounting Principles (GAAP) are, why they matter, and how they help create clear, consistent financial statements. Understanding Generally Accepted Accounting Principles (GAAP) Generally Accepted Accounting Principles, …
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Fronting in insurance is an arrangement where one insurance company issues a policy, but another company actually takes on all the risk behind the scenes. At first glance, fronting sounds …
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Fraternal insurance is a type of insurance coverage offered through fraternal organizations to their members, often focused on life, health, or disability protection. If you belong to a lodge, society, …
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A foreign jurisdiction is any country or governing area outside the United States, Canada, and their provinces or political subdivisions. If you’ve ever read an insurance policy, investment document, or …
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Foreign investment is when money is put into businesses, property, or assets located outside your home country. In today’s connected world, money crosses borders all the time. Companies expand overseas, …
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A foreign insurer is an insurance company that sells policies in a state where it’s not officially based or incorporated. Insurance terms can sound intimidating, but foreign insurer is actually …
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