Statutory Accounting Principles (SAP)

Super Luxury House for Sale in Antalya City Center
Updated date: Tuesday, July 8, 2025 - 19:43
Insurance Glossary
Statutory Accounting Principles (SAP) a set of accounting principles set forth by the National Association of Insurance Commissioners used to prepare statutory financial statements for insurance companies. What is Statutory Accounting Principles (SAP) , What does mean Statutory Accounting Principles (SAP) , Insurance Guide, Insurance Glossary
  • 32 reads

Related Statutory Accounting Principles (SAP) Articles

  • Appraisal Insurance Glossary
    Appraisal an estimate of value. What is Appraisal , What does mean Appraisal , Insurance Guide, Insurance Glossary
  • Investment Income Accrued Insurance Glossary
    Investment Income Accrued investment income earned as of the reporting date but not legally due to be paid to the reporting entity until subsequent to the repor... more
  • Written Premium Insurance Glossary
    Written Premium the contractually determined amount charged by the reporting entity to the policyholder for the effective period of the contract based on the ex... more
  • Package Policy Insurance Glossary
    Package Policy two or more distinct policies combined into a single contract. What is Package Policy , What does mean Package Policy , Insurance Guide, Insura... more
  • Broker Insurance Glossary
    Broker an individual who receives commissions from the sale and service of insurance policies. These individuals work on behalf of the customer and are not rest... more
  • Early warning system Insurance Glossary
    Early warning system a system designed by insurance industry regulators of identifying practices and risk related trends that contribute to systemic risk by mea... more
  • Business Auto Insurance Glossary
    Business Auto coverage for motor vehicles, other than those in the garage business, engaged in commerce. Business auto filings include singularly or in any comb... more
  • Key Persons Insurance Insurance Glossary
    Key Persons Insurance a policy purchased by, for the benefit of, a business insuring the life or lives of personnel integral to the business operations. What i... more
  • Claim Insurance Glossary
    Claim a request made by the insured for insurer remittance of payment due to loss incurred and covered under the policy agreement. What is Claim , What does m... more
  • Life Settlements Insurance Glossary
    Life Settlements a contract or agreement in which a policyholder agrees to sell or transfer ownership in all or part of a life insurance policy to a third party... more
  • Rebate Insurance Glossary
    Rebate a refund of part or all of a premium payment. What is Rebate , What does mean Rebate , Insurance Guide, Insurance Glossary
  • Dwelling Property/Personal Liability Insurance Glossary
    Dwelling Property/Personal Liability a special form of package policy composed of dwelling fire and/or allied lines, and personal liability insurance. What is... more
  • Derivative Insurance Glossary
    Derivative securities priced according to the value of other financial instruments such as commodity prices, interest rates, stock market prices, foreign or exc... more
  • Premiums Net Insurance Glossary
    Premiums Net is the amount calculated on the basis of the interest and mortality table used to calculate the reporting entity's statutory policy reserves. Wha... more
  • Loss Adjustment Expense (LAE) Insurance Glossary
    Loss Adjustment Expense (LAE) expected payments for costs to be incurred in connection with the adjustment and recording of losses. Can be classified into two b... more
  • Credit - Involuntary Unemployment Insurance Glossary
    Credit – Involuntary Unemployment makes loan/credit transaction payments to the creditor when the debtor becomes involuntarily unemployed. What is Credit - In... more
  • Commission Insurance Glossary
    Commission a percentage of premium paid to agents by insurance companies for the sale of policies. What is Commission , What does mean Commission , Insurance... more
  • Direct Writer Insurance Glossary
    Direct Writer an insurance company that sells policies to the insured through salaried representatives or exclusive agents only; reinsurance companies that deal... more
  • Direct Written Premium Insurance Glossary
    Direct Written Premium total premiums received by an insurance company without any adjustments for the ceding of any portion of these premiums to the Reinsurer.... more
  • Rider an amendment Insurance Glossary
    Rider an amendment to a policy agreement. What is Rider an amendment , What does mean Rider an amendment , Insurance Guide, Insurance Glossary
  • Contingent Liability Insurance Glossary
    Contingent Liability the liability of an insured to persons who have incurred bodily injury or property damage from work done by an independent contractor hired... more