Midwest General Agency | R.W. Scobie | Insurance Words Glossary

Insurance Words Glossary
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Viewing: G (73)
Word Definition
GAAP-Generally Accepted Accounting Principles

A method of reporting the financial results of an insurer more in accordance with the "going-conc...

Gambling Creating risk by agreeing with another to win or lose something on the outcome of a certain event. I...
Gap Coverage An amount of insurance purchased to satisfy the requirement of an excess carrier with respect to und...
Gap Insurance For auto insurance, refers to coverage against loss caused by the amount an insurer may pay for a ve...
Garage Policy Protects garage or service station operators, vehicle rental agencies, car washes, auto or vehicle d...
Garagekeepers Legal Liability (GKLL) Pays amounts an insured is legally obligated to pay because of damage or loss to property of others ...
Garment Contractors Floater An inland marine form of policy which insures the goods of the manufacturer against physical loss or...
Garnishment A court order issued to a person holding property or money of another: the order states not to give ...
Gender Rating When different sets of rates are developed for each gender based on the "verifiable" actua...
General Adjustment Bureau, Inc.

A national firm providing extensive loss settling, appraisal, and other services for insurance co...


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