Gramm Leach Bliley Act (GLBA) act, repealing Glass Steagal Act of 1933, allows consolidation of commercial banks, investment institutions and insurance companies. Established a framework of responsibilities of federal and state regulators for these financial industries. It permits financial services companies to merge and engage in a variety of new business activities, including insurance, while attempting to address the regulatory issues raised by such combinations. What is Gramm-Leach Bliley Act (GLBA), What does mean Gramm-Leach Bliley Act (GLBA), Insurance Guide, Insurance Glossary
Coinsurance A clause contained in most property insurance policies to encourage policy holders to carry a reasonable amount of insurance. If the insured fails t... more