Insurance Exam Vocabulary Terms
Gross Paid-in and Contributed Surplus
Amount of capital received in excess of the par value of the stock issued.
Other terms you may be interested in:
- National Association of Insurance Commissioners (NAIC)
- Insurance to Value
- Benefits (Medical & Hospital Expenses)
- Joint Underwriting Association (JUA)
- Contract Reserves
- Mobile HomesHomeowners
- Insurance Regulatory Information System (IRIS)
- Statement Value
- Structured Settlements
- Individual Credit – Credit Disability
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