Accountants Report

Means of selling and servicing property and casualty insurance through agents who represent different companies. The agents own the records of the policies they sell. ...

Up to 1986, arrangement to provide a personal trust while the settlor is still alive. The income is paid to named children, who enjoy lower income taxes. After 10 years and a day, the ...

12-month period from the date of issue of a policy as stated in its declarations section. ...

Coverage in the event that papers of intrinsic value are damaged or destroyed. Coverage is on an all risks basis. Limits of coverage can be quite high; but the insurance company will not ...

Coverage that guarantees bond holders against default by a municipality. This form of financial guarantee was introduced in the early 1970s and became a runaway success. Municipalities ...

1970 federal law that requires shipowners to clean up or pay for the cleanup of waters polluted by discharges from their ships. Shipowners may be refused navigation privileges if they ...

Total of operating income plus realized capital gains (losses) from investment and underwriting operations minus federal income taxes. ...

Circumstance in which no agent is servicing a debit. ...

Federal legislation requiring employers with traditional health plans to also provide an HMO to its employees. The act also makes it mandatory for employers to contribute as much to the HMO ...